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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
🆘 #Gate 2025 Semi-Year Community Gala# | Square Content Creator TOP 10
Only 1 day left! Your favorite creator is one vote away from TOP 10. Interact on Square to earn Votes—boost them and enter the prize draw. Prizes: iPhone 16 Pro Max, Golden Bull sculpture, Futures Vouchers!
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1️⃣ #Show My Alpha Points# | Share your Alpha points & gains
Post your - 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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🎁 4 winners split $100 Futures Voucher! - 💙 Gate Square #Gate Blue Challenge# 💙
Show your limitless creativity with Gate Blue!
📅 Event Period
August 11 – 20, 2025
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Do Kwon, the co-founder of Terraform Labs, is at a critical turning point. It is reported that he may soon admit to criminal fraud charges related to the 2022 TerraUSD collapse in the United States. This incident resulted in a loss of approximately 40 billion USD in market capitalization, shocking the entire Crypto Assets industry.
Judge Paul Engelmayer of the Federal Court for the Southern District of New York has scheduled a change of plea hearing for this Tuesday. If Kwon chooses to plead guilty, he will need to detail his specific actions in court.
This potential plea decision may mark an important development in the Terra ecosystem collapse case. As a once high-profile leader of a blockchain project, Kwon's decision will have far-reaching implications for the entire Crypto Assets industry.
Currently, Do Kwon's lawyer has not responded to this matter. Industry insiders are closely watching the development of this case, as it may set an important precedent for the regulation and accountability of future Crypto Assets projects.
As the hearing approaches, the Crypto Assets community is actively discussing the potential consequences of this event and its impact on the overall industry's credibility and future development. Regardless of the outcome, this will undoubtedly become a significant moment in the history of Crypto Assets.