Tracking Terra’s collapse, ongoing legal fallout, and its impact on the broader digital asset landscape.
New allegations suggest that the industry’s “stable” $1 promise often relies on secret backroom incentives rather than actual cash reserves.
The charges carry a statutory maximum of 25 years, but prosecutors agreed to recommend no more than 12 years if Kwon accepts responsibility and commits no additional crimes.
The change comes months ahead of the January 26, 2026, trial date initially set for the case.
