Do Kwon, the creator of the Terra cryptocurrency project, is expected to plead guilty in court to charges of fraud related to the project's collapse, which resulted in a staggering $40 billion loss for investors. The court scheduled a hearing for a possible change of plea, indicating that Kwon seeks to modify his previous not guilty plea. Kwon faces multiple U.S. fraud charges stemming from allegations involving financial misconduct during the operation of Terra, which failed in 2022. This collapse has left many investors significantly affected, making this development a significant point in the ongoing legal ramifications surrounding the cryptocurrency industry's tumultuous events over the past few years. Kwon's decision to plead guilty suggests a potential shift in his legal strategy as he faces severe consequences from the U.S. government. This event is occurring amidst broader regulatory scrutiny for various cryptocurrency operations. This story will be updated as more information becomes available.

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