🚨 TERRA TOKENS SURGE as DOJ Seeks 12-Year Sentence for Do Kwon 📈 $LUNA2
The US Department of Justice (DOJ) filed a request recommending a 12-year prison sentence for Terra founder Do Kwon. $1000LUNC
Market Reaction: Following the DOJ announcement, Terra's native tokens surged: LUNA jumped 35% and LUNC spiked 80% in a single day, signaling heightened speculative interest. 🚀
DOJ's Rationale: Prosecutors argued that a heavy sentence is needed to avoid "unwarranted disparities" with similar high-profile fraud cases, specifically referencing FTX founder Sam Bankman-Fried (SBF) (sentenced to 25 years). $PIPPIN
The Collapse: Kwon was central to the 2022 crypto crash when Terra’s UST and LUNA collapsed, wiping out over $40 billion and causing industry contagion. 📉
Final Date: Kwon's final sentencing is scheduled for December 11. 🗓️
