Dokwon
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*Crypto Connections and Pardon Speculation*
Zack Guzman, the journalist who interviewed Do Kwon after the LUNA/UST collapse, has joined Trump's crypto team. Recently, he tweeted about dropping Do Kwon's criminal charges, sparking speculation about a potential pardon. Given Trump's history of pardoning crypto offenders, the question on everyone's mind is: will Do Kwon be next?
#CryptoPardon #DoKwon #LUNA #TrumpCryptoPolicy #CryptocurrencyRegulation
Zack Guzman, the journalist who interviewed Do Kwon after the LUNA/UST collapse, has joined Trump's crypto team. Recently, he tweeted about dropping Do Kwon's criminal charges, sparking speculation about a potential pardon. Given Trump's history of pardoning crypto offenders, the question on everyone's mind is: will Do Kwon be next?
#CryptoPardon #DoKwon #LUNA #TrumpCryptoPolicy #CryptocurrencyRegulation
0xWho:
never
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The real test for $USTC will begin soon. With the market's return, we will also see the potential of #LUNC and #USTC.
We see that the manipulations attempted in USTC have so far been left behind and have fallen off the agenda. These manipulations and speculations will continue. Since there is no real leader in the Terra Classic chain, we will frequently encounter such situations.
The lawsuit of TFL with the SEC is nearing its end. We are not far from significant burns. We will see what will happen with the process related to LFG's funds. At this point, we cannot say anything definitive.
There is the subject of Do Kwon. There will be a conference in April, and the collapse of Terra will be attempted to be resolved in this conference hearing. A report will be produced. Depending on the evidence that emerges at this conference, Do Kwon's fraud case will take shape. We are sure that Do Kwon is not a fraudster, but it is also true that he is very culpable...
As a result, Do Kwon's process will extend until January 2026, but no decision made by Trump regarding crypto penalties will come as a surprise. These decisions will set a precedent for Do Kwon as well and provide an advantage.
#TerraClassic #DoKwon #LUNA #MarketPullback 38905592038
We see that the manipulations attempted in USTC have so far been left behind and have fallen off the agenda. These manipulations and speculations will continue. Since there is no real leader in the Terra Classic chain, we will frequently encounter such situations.
The lawsuit of TFL with the SEC is nearing its end. We are not far from significant burns. We will see what will happen with the process related to LFG's funds. At this point, we cannot say anything definitive.
There is the subject of Do Kwon. There will be a conference in April, and the collapse of Terra will be attempted to be resolved in this conference hearing. A report will be produced. Depending on the evidence that emerges at this conference, Do Kwon's fraud case will take shape. We are sure that Do Kwon is not a fraudster, but it is also true that he is very culpable...
As a result, Do Kwon's process will extend until January 2026, but no decision made by Trump regarding crypto penalties will come as a surprise. These decisions will set a precedent for Do Kwon as well and provide an advantage.
#TerraClassic #DoKwon #LUNA #MarketPullback 38905592038
Do Kwon’s April 10 Hearing Could Mark a Turning Point for Terra Classic (LUNC) and TerraClassicUSD (
April 10, 2025 – A pivotal day looms for the Terra Classic ($LUNC ) and TerraClassicUSD ($USTC ) communities, as Terraform Labs co-founder Do Kwon is scheduled to appear at a U.S. court hearing that could significantly influence the ongoing legal proceedings surrounding the 2022 collapse of the Terra ecosystem. The outcome of this hearing may not only determine the trajectory of Kwon’s legal case but also have lasting implications for the future of the Terra Classic network.
Legal Developments: Proceedings Under Scrutiny
The U.S. District Court in New York had previously postponed Kwon’s hearing at the request of federal prosecutors. However, recent reports suggest that further delays may be imminent, as authorities are actively gathering new evidence, potentially affecting the timeline and scope of the trial.
Investor Compensation: $442 Million Relief Fund in Motion
In a parallel development, Terraform Labs continues to address investor losses stemming from the 2022 LUNA and UST collapse. The company has allocated up to $442 million for compensation efforts.
To be eligible for compensation, claimants must provide proof of holding LUNA or UST during the time of the collapse. This is typically done by retrieving transaction histories from the platforms where the tokens were held. Notably, even users who received post-collapse LUNA airdrops qualify for the compensation, as they are considered affected parties.
The compensation program is open globally, without geographic or exchange-based restrictions.
Do Kwon’s Legal Status: Facing Fraud Charges
Kwon currently faces nine fraud-related charges in the United States, in connection with the estimated $60 billion collapse of the Terra ecosystem. He has pleaded not guilty, and his trial is scheduled to begin on January 26, 2026, with pretrial motions due by July 1, 2025.
Following his extradition from Montenegro in December 2023, Kwon remains in the U.S. as he prepares for trial.
Regulatory Climate: Crypto Policy and Political Influence
Amid the unfolding legal narrative, broader crypto regulation has re-entered the spotlight. Speculation has intensified following former President Donald Trump’s recent decision to pardon the three BitMEX co-founders—Arthur Hayes, Benjamin Delo, and Samuel Reed—previously convicted of money laundering.
This development is widely seen as a potential indication of a more favorable regulatory approach to cryptocurrency under a possible future Trump administration. Within this context, some industry observers suggest that, if cleared, Do Kwon could still play a significant role in shaping digital finance policy—particularly given his early vision for decentralized finance and algorithmic stablecoins.
Looking Ahead: A Path Toward Redemption?
As both legal and financial proceedings inch toward resolution, optimism is cautiously emerging within the Terra community. The resolution of ongoing lawsuits and the distribution of compensation could pave the way for a renewed chapter for the Terra Classic chain—one grounded in greater transparency, community trust, and regulatory alignment.
Hashtags:
Legal Developments: Proceedings Under Scrutiny
The U.S. District Court in New York had previously postponed Kwon’s hearing at the request of federal prosecutors. However, recent reports suggest that further delays may be imminent, as authorities are actively gathering new evidence, potentially affecting the timeline and scope of the trial.
Investor Compensation: $442 Million Relief Fund in Motion
In a parallel development, Terraform Labs continues to address investor losses stemming from the 2022 LUNA and UST collapse. The company has allocated up to $442 million for compensation efforts.
To be eligible for compensation, claimants must provide proof of holding LUNA or UST during the time of the collapse. This is typically done by retrieving transaction histories from the platforms where the tokens were held. Notably, even users who received post-collapse LUNA airdrops qualify for the compensation, as they are considered affected parties.
The compensation program is open globally, without geographic or exchange-based restrictions.
Do Kwon’s Legal Status: Facing Fraud Charges
Kwon currently faces nine fraud-related charges in the United States, in connection with the estimated $60 billion collapse of the Terra ecosystem. He has pleaded not guilty, and his trial is scheduled to begin on January 26, 2026, with pretrial motions due by July 1, 2025.
Following his extradition from Montenegro in December 2023, Kwon remains in the U.S. as he prepares for trial.
Regulatory Climate: Crypto Policy and Political Influence
Amid the unfolding legal narrative, broader crypto regulation has re-entered the spotlight. Speculation has intensified following former President Donald Trump’s recent decision to pardon the three BitMEX co-founders—Arthur Hayes, Benjamin Delo, and Samuel Reed—previously convicted of money laundering.
This development is widely seen as a potential indication of a more favorable regulatory approach to cryptocurrency under a possible future Trump administration. Within this context, some industry observers suggest that, if cleared, Do Kwon could still play a significant role in shaping digital finance policy—particularly given his early vision for decentralized finance and algorithmic stablecoins.
Looking Ahead: A Path Toward Redemption?
As both legal and financial proceedings inch toward resolution, optimism is cautiously emerging within the Terra community. The resolution of ongoing lawsuits and the distribution of compensation could pave the way for a renewed chapter for the Terra Classic chain—one grounded in greater transparency, community trust, and regulatory alignment.
Hashtags:
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The Terraform hashtag became a trending topic on CoinMarketCap.
Do Kwon's appearance in court in the US has become a major topic on the crypto agenda.
The LUNA and UST collapses had a major impact and those responsible have now been brought to court. These developments are trending on important sites.
Court proceedings will be important for $LUNC , $LUNA and $USTC.
#Terraform #CoinMarketCap #DoKwon #CryptoReboundStrategy $LUNC
Do Kwon's appearance in court in the US has become a major topic on the crypto agenda.
The LUNA and UST collapses had a major impact and those responsible have now been brought to court. These developments are trending on important sites.
Court proceedings will be important for $LUNC , $LUNA and $USTC.
#Terraform #CoinMarketCap #DoKwon #CryptoReboundStrategy $LUNC
Do Kwon Released from Montenegro Prison as Extradition Verdict Still Pending
Do Kwon, co-founder of Terraform Labs, has been released from prison in Montenegro while the extradition proceedings regarding his request to be extradited to the USA and South Korea are still ongoing, according to a report by Bloomberg citing officials from the prison system.
Doubts Surrounding Kwon's Extradition Decision:
His recent decision to be extradited to South Korea has been challenged by the top prosecutor of Montenegro. Recently, it has come to light that the highest prosecutor's office in Montenegro has transferred this case for review to the Supreme Court, citing irregularities.
Arrest of Do Kwon and the Collapse of the Terra Project:
Do Kwon was arrested in Montenegro in March 2023 when he was caught with a fake Costa Rican passport while attempting to travel to Dubai in the United Arab Emirates. Kwon was the architect of the failed crypto project TerraUSD stablecoin, which experienced a collapse along with LUNA, another token from the Terra project.
Extradition Decision and Investigation:
Both the USA and South Korea have requested Kwon's extradition, but the Minister of Justice of Montenegro favors extradition to South Korea. This decision has been contested by the top prosecutor of Montenegro. South Korean authorities are now actively seeking to prosecute Do Kwon for his alleged frauds and tax evasion.
Do Kwon has denied the accusations, claiming that the $40 billion collapse of the Terra ecosystem was a result of market forces and does not indicate any criminal activity.
#dokwon #terraformLabs
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Doubts Surrounding Kwon's Extradition Decision:
His recent decision to be extradited to South Korea has been challenged by the top prosecutor of Montenegro. Recently, it has come to light that the highest prosecutor's office in Montenegro has transferred this case for review to the Supreme Court, citing irregularities.
Arrest of Do Kwon and the Collapse of the Terra Project:
Do Kwon was arrested in Montenegro in March 2023 when he was caught with a fake Costa Rican passport while attempting to travel to Dubai in the United Arab Emirates. Kwon was the architect of the failed crypto project TerraUSD stablecoin, which experienced a collapse along with LUNA, another token from the Terra project.
Extradition Decision and Investigation:
Both the USA and South Korea have requested Kwon's extradition, but the Minister of Justice of Montenegro favors extradition to South Korea. This decision has been contested by the top prosecutor of Montenegro. South Korean authorities are now actively seeking to prosecute Do Kwon for his alleged frauds and tax evasion.
Do Kwon has denied the accusations, claiming that the $40 billion collapse of the Terra ecosystem was a result of market forces and does not indicate any criminal activity.
#dokwon #terraformLabs
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
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The supplemental indictment of Do Kwon includes the charge of money laundering
The co-founder of Terraform Labs has been charged with eight counts in 2023 but is likely to face an additional charge of conspiracy to commit money laundering.
The U.S. Attorney's Office revealed additional charges against Terraform Labs co-founder Do Kwon after he was extradited from Montenegro: conspiracy to commit money laundering.
In the supplemental indictment released on January 2 in the U.S. District Court for the Southern District of New York, U.S. Attorney Damian Williams accused Kwon of conspiring with others to commit money laundering.
According to the U.S. Attorney, the co-founder of Terraform facilitated transactions worth over $10,000 on this platform “knowing that the assets involved in certain financial transactions were proceeds from certain forms of illegal activity.”
The charge of money laundering is part of the amended indictment that was not initially filed as part of the original indictment consisting of eight counts against Kwon in March 2023. Prosecutors filed the sealed indictment in May 2024, and a judge ordered the indictment to be made public during Kwon's trial on January 2.
The co-founder of Terraform Labs has been charged with eight counts in 2023 but is likely to face an additional charge of conspiracy to commit money laundering.
The U.S. Attorney's Office revealed additional charges against Terraform Labs co-founder Do Kwon after he was extradited from Montenegro: conspiracy to commit money laundering.
In the supplemental indictment released on January 2 in the U.S. District Court for the Southern District of New York, U.S. Attorney Damian Williams accused Kwon of conspiring with others to commit money laundering.
According to the U.S. Attorney, the co-founder of Terraform facilitated transactions worth over $10,000 on this platform “knowing that the assets involved in certain financial transactions were proceeds from certain forms of illegal activity.”
The charge of money laundering is part of the amended indictment that was not initially filed as part of the original indictment consisting of eight counts against Kwon in March 2023. Prosecutors filed the sealed indictment in May 2024, and a judge ordered the indictment to be made public during Kwon's trial on January 2.
Do Kwon Pleads Not Guilty to US Charges Over Terra LUNA, UST Crash:
* Freshly extradited from Montenegro, Terraform Labs co-founder Do Kwon pleaded not guilty to U.S. criminal charges over Terra's collapse.
Alleged crypto crook Do Kwon pleaded pleaded not guilty in a New York court Thursday to U.S. criminal charges over the 2022 collapse of the Terra crypto ecosystem, following his extradition earlier this week from Montenegro.
Feds hit the 33-year-old disgraced tech entrepreneur with nine criminal counts, including securities fraud, wire fraud, commodities fraud, and conspiracy to commit money laundering. He agreed Thursday to be held without bail before U.S. Magistrate Judge Robert Lehrburger, Inner City Press reported.
Kwon founded Terra, a once-sizable crypto ecosystem with apps built around the LUNA token and the TerraUSD (UST) algorithmic stablecoin. The project was popular with investors, and rapidly grew to become the second-biggest blockchain in the sphere after Ethereum by early 2022.
[Do Kwon is flipping through the superseding indictment - then tutns to his second lawyer]
Judge: How do you plead?
Not guilty [through counsel Chesley who adds, We consent to detention without prejudice
Its native cryptocurrency, LUNA, was in its prime as one of the top digital assets by market cap. Kwon made a lot of money, very quickly, and even mocked "poor" people on X (formerly known as Twitter).
But Terra collapsed in May 2022, taking $40 billion of investors' money with it. The crash led to a brutal bear market, as many crypto projects with exposure to the project later declared bankruptcy.
The project's main product, the UST stablecoin, couldn't keep its stable peg to the dollar, resulting in the entire ecosystem collapsing and losing nearly all of its value in a matter of days.
Authorities in both the U.S. and South Korea now allege that the entrepreneur was a scammer who conned investors into buying his cryptocurrency.
Behind the scenes, core Terraform products did not work as Kwon advertised, and were manipulated to create the illusion of a functioning and decentralized financial system in order to lure investors," Thursday's indictment reads.
Kwon was arrested in Montenegro last year for allegedly attempting to travel on a fake passport. His lawyers kept him in the country until Tuesday, when he was finally extradited to the United States.
Follow For Free Signals 🤞 😊 💵 ...
🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
$LUNA $LUNC $BTC #DoKwon #Binance250Million #BinanceAlphaAlert #BTCRebounds95K #USStateBuysBTC
Alleged crypto crook Do Kwon pleaded pleaded not guilty in a New York court Thursday to U.S. criminal charges over the 2022 collapse of the Terra crypto ecosystem, following his extradition earlier this week from Montenegro.
Feds hit the 33-year-old disgraced tech entrepreneur with nine criminal counts, including securities fraud, wire fraud, commodities fraud, and conspiracy to commit money laundering. He agreed Thursday to be held without bail before U.S. Magistrate Judge Robert Lehrburger, Inner City Press reported.
Kwon founded Terra, a once-sizable crypto ecosystem with apps built around the LUNA token and the TerraUSD (UST) algorithmic stablecoin. The project was popular with investors, and rapidly grew to become the second-biggest blockchain in the sphere after Ethereum by early 2022.
[Do Kwon is flipping through the superseding indictment - then tutns to his second lawyer]
Judge: How do you plead?
Not guilty [through counsel Chesley who adds, We consent to detention without prejudice
Its native cryptocurrency, LUNA, was in its prime as one of the top digital assets by market cap. Kwon made a lot of money, very quickly, and even mocked "poor" people on X (formerly known as Twitter).
But Terra collapsed in May 2022, taking $40 billion of investors' money with it. The crash led to a brutal bear market, as many crypto projects with exposure to the project later declared bankruptcy.
The project's main product, the UST stablecoin, couldn't keep its stable peg to the dollar, resulting in the entire ecosystem collapsing and losing nearly all of its value in a matter of days.
Authorities in both the U.S. and South Korea now allege that the entrepreneur was a scammer who conned investors into buying his cryptocurrency.
Behind the scenes, core Terraform products did not work as Kwon advertised, and were manipulated to create the illusion of a functioning and decentralized financial system in order to lure investors," Thursday's indictment reads.
Kwon was arrested in Montenegro last year for allegedly attempting to travel on a fake passport. His lawyers kept him in the country until Tuesday, when he was finally extradited to the United States.
Follow For Free Signals 🤞 😊 💵 ...
🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
$LUNA $LUNC $BTC #DoKwon #Binance250Million #BinanceAlphaAlert #BTCRebounds95K #USStateBuysBTC
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May 2022, the incident happened so fast at that time how much money did you lose on terra luna….
$LUNC $LUNA #dokwon #TerraLabs #TerraEcosystem #TerraClassic
$LUNC $LUNA #dokwon #TerraLabs #TerraEcosystem #TerraClassic
JUST IN:
SEC pursues over $5 billion penalty against Do Kwon and Terraform Labs.
Follow for the latest.
#SECCrypto #dokwon #TerraformLabs
SEC pursues over $5 billion penalty against Do Kwon and Terraform Labs.
Follow for the latest.
#SECCrypto #dokwon #TerraformLabs
🚨 Breaking News: Do Kwon's U.S. Fraud Trial Set for January! 🚨
The high-profile case of Do Kwon, the co-founder of the infamous cryptocurrency project Terra (LUNA), is about to enter a crucial phase! 🏛️📅 His U.S. fraud trial has been tentatively scheduled to begin in January 2025, and it promises to be a game-changer for the crypto world. 💥
Kwon, once hailed as a genius in the blockchain space, is now facing serious legal battles after the collapse of Terra’s stablecoin, UST, and its native token, LUNA, leading to billions in losses for investors globally. 💸💔 The crash of his empire sent shockwaves through the crypto market, sparking regulatory crackdowns and raising major questions about the future of decentralized finance. 🏚️
In the U.S. trial, Kwon faces multiple charges, including fraud, market manipulation, and conspiracy to defraud investors. 💼⚖️ With authorities determined to hold him accountable, the case could have massive implications for the entire crypto industry. 🌐
Will Kwon be able to defend himself against these serious allegations, or will he be held responsible for the downfall of one of crypto's most infamous projects? 🤔 Only time will tell.
Stay tuned for updates as we follow the trial closely! 📡👀
#DoKwon #UST #LUNA #BullCyclePrediction
The high-profile case of Do Kwon, the co-founder of the infamous cryptocurrency project Terra (LUNA), is about to enter a crucial phase! 🏛️📅 His U.S. fraud trial has been tentatively scheduled to begin in January 2025, and it promises to be a game-changer for the crypto world. 💥
Kwon, once hailed as a genius in the blockchain space, is now facing serious legal battles after the collapse of Terra’s stablecoin, UST, and its native token, LUNA, leading to billions in losses for investors globally. 💸💔 The crash of his empire sent shockwaves through the crypto market, sparking regulatory crackdowns and raising major questions about the future of decentralized finance. 🏚️
In the U.S. trial, Kwon faces multiple charges, including fraud, market manipulation, and conspiracy to defraud investors. 💼⚖️ With authorities determined to hold him accountable, the case could have massive implications for the entire crypto industry. 🌐
Will Kwon be able to defend himself against these serious allegations, or will he be held responsible for the downfall of one of crypto's most infamous projects? 🤔 Only time will tell.
Stay tuned for updates as we follow the trial closely! 📡👀
#DoKwon #UST #LUNA #BullCyclePrediction
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Trump signs a decision to grant clemency to the founder of SilkRoad, and the potential general clemency for those punished in relation to cryptocurrency also recalls Do Kwon... $LUNC
Some betting sites have opened bets for several individuals punished in relation to cryptocurrency. Among these is FTX CEO SBF. However, the name Do Kwon is not on this list.
Journalist Zack Guzman, who conducted the only interview with Do Kwon after the LUNA incident, has also drawn attention to this issue and stated that he is surprised that Do Kwon is not on this list.
We should not pay too much attention to the names mentioned by betting sites. Do Kwon has not yet been convicted. For this reason, we find it strange that a discussion about clemency is taking place, but precedents will also directly affect Do Kwon's case.
Investors #LUNC, #USTC, and #LUNA are closely monitoring this process. We think that Do Kwon's lawyers will also reference these decisions as precedents...
Perhaps they want to prolong the case for this reason. Time will tell everything.
#Terra #TerraClassic #DoKwon
$LUNC
$LUNA
Some betting sites have opened bets for several individuals punished in relation to cryptocurrency. Among these is FTX CEO SBF. However, the name Do Kwon is not on this list.
Journalist Zack Guzman, who conducted the only interview with Do Kwon after the LUNA incident, has also drawn attention to this issue and stated that he is surprised that Do Kwon is not on this list.
We should not pay too much attention to the names mentioned by betting sites. Do Kwon has not yet been convicted. For this reason, we find it strange that a discussion about clemency is taking place, but precedents will also directly affect Do Kwon's case.
Investors #LUNC, #USTC, and #LUNA are closely monitoring this process. We think that Do Kwon's lawyers will also reference these decisions as precedents...
Perhaps they want to prolong the case for this reason. Time will tell everything.
#Terra #TerraClassic #DoKwon
$LUNC
$LUNA
🚨 Do Kwon Faces the Court!
After being extradited to the United States, Do Kwon appeared in court on Thursday and denied all charges. The case continues to draw global attention. ⚖️🌍
⚠️ Disclaimer: This is not financial advice. Always DYOR before making investment decisions.
#DoKwon
After being extradited to the United States, Do Kwon appeared in court on Thursday and denied all charges. The case continues to draw global attention. ⚖️🌍
⚠️ Disclaimer: This is not financial advice. Always DYOR before making investment decisions.
#DoKwon
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The hearings for the Do Kwon case have been postponed to January 2026, but a major conference hearing will take place next month...
This conference in April will discuss and debate all the details of the LUNA/UST collapse.
At this conference in April; Terra must be very transparent. They must expose those who carried out the attack, along with the evidence. We did not see this in the TFL-SEC case. They did not do it, but these things must happen in the Do Kwon case.
You saw CZ's tweet. It's time to play the cards openly...
#DoKwon #FTX #LUNC #USTC #LUNA $LUNC
This conference in April will discuss and debate all the details of the LUNA/UST collapse.
At this conference in April; Terra must be very transparent. They must expose those who carried out the attack, along with the evidence. We did not see this in the TFL-SEC case. They did not do it, but these things must happen in the Do Kwon case.
You saw CZ's tweet. It's time to play the cards openly...
#DoKwon #FTX #LUNC #USTC #LUNA $LUNC
See original
🚨 Breaking News: Do Kwon Pleads Not Guilty in US Court to Fraud Charges 🚨
In a dramatic development, Terraform Labs co-founder Do Kwon has pleaded not guilty to fraud charges in a US court today. ⚖️
Kwon, once hailed as a visionary in the cryptocurrency space, is now facing serious allegations related to the collapse of TerraUSD and LUNA. These crypto tokens lost billions of dollars in value, devastating thousands of investors. 😔💸
The charges against him include wire fraud, conspiracy, and market manipulation, all related to his role at Terraform Labs. The collapse rocked the crypto community 🌐, shaking investor confidence and leaving many asking: Could this be the end of an era for the unregulated crypto world? 💥🔗
Kwon, once hailed as a visionary in the cryptocurrency space, is now facing serious allegations related to the collapse of TerraUSD and LUNA. These crypto tokens lost billions of dollars in value, devastating thousands of investors. 😔💸
The charges against him include wire fraud, conspiracy, and market manipulation, all related to his role at Terraform Labs. The collapse rocked the crypto community 🌐, shaking investor confidence and leaving many asking: Could this be the end of an era for the unregulated crypto world? 💥🔗
See original
Do Kwon will appear before the judge in hours. We are curious about the outcome of the hearing that crypto pages will follow with interest.
The decision to be made regarding Do Kwon will be important for $LUNC , $USTC and $LUNA.
The accountability for the LUNA and UST collapse that took place 2.5 years ago will be asked today. Is Do Kwon a fraud? Is he at fault?
The judge will make his decision as a result of the case and we will get our answers...
#TerraClassic #Terra #DoKwon #LUNC #LUNA $LUNC
The decision to be made regarding Do Kwon will be important for $LUNC , $USTC and $LUNA.
The accountability for the LUNA and UST collapse that took place 2.5 years ago will be asked today. Is Do Kwon a fraud? Is he at fault?
The judge will make his decision as a result of the case and we will get our answers...
#TerraClassic #Terra #DoKwon #LUNC #LUNA $LUNC
See original
👨⚖️Do Kwon Pleads Not Guilty to Terra Ecosystem Collapse During US Cryptocurrency Trial
After a lengthy battle, Terraform Labs co-founder Do Kwon was granted extradition to the United States by Montenegrin authorities in late December. On January 2, Do Kwon appeared in court in the United States but pleaded not guilty to fraud charges related to the $40 billion collapse of the TerraUSD (UST) stablecoin.
Do Kwon was questioned by U.S. District Judge Robert Lehrburger in Manhattan and agreed to remain in detention without bail.
Currently, Do Kwon faces nine charges, including wire, securities, and commodities fraud, all related to his role in bringing down the company after the price of Terraform Labs tokens LUNA and UST plummeted.
Back in March 2023, Do Kwon was arrested in Montenegro for attempting to travel using a fake passport. Since then, he has remained in Montenegro while U.S. and South Korean authorities have been fighting over who to charge him. Both countries have accused him of fraud, with South Korea seeking his extradition due to his citizenship.
Do Kwon had tried to avoid extradition to the United States through legal means, as South Korea generally imposes lighter penalties for financial crimes. However, the Constitutional Court of Montenegro rejected his appeal on December 26, and a few days later, the Montenegrin Minister of Justice signed an extradition order. On December 31, Montenegrin police handed Do Kwon over to US authorities at Podgorica International Airport.
Now, New York prosecutors accuse Do Kwon of misleading investors about the capabilities and adoption rate of the Terra blockchain, which directly led to the catastrophic collapse of the platform.
Notably, the Manhattan U.S. Attorney's Office, which successfully prosecuted FTX co-founder Sam Bankman-Fried last year, is also handling Do Kwon's case.
Do Kwon was previously found liable by a U.S. jury in a civil fraud case brought by the U.S. SEC and agreed to a $4.47 billion settlement, after which Terraform Labs had to file for bankruptcy.
Do Kwon’s lawyer declined to comment after the hearing. Meanwhile, the next court session is scheduled for January 8, and this case could set the stage for a high-profile cryptocurrency trial in the Southern District of New York.
As Do Kwon’s case continues to unfold in court, it is not only his personal battle, but also the focus of close attention from the entire cryptocurrency world.
#Terra #DoKwon #欺诈
After a lengthy battle, Terraform Labs co-founder Do Kwon was granted extradition to the United States by Montenegrin authorities in late December. On January 2, Do Kwon appeared in court in the United States but pleaded not guilty to fraud charges related to the $40 billion collapse of the TerraUSD (UST) stablecoin.
Do Kwon was questioned by U.S. District Judge Robert Lehrburger in Manhattan and agreed to remain in detention without bail.
Currently, Do Kwon faces nine charges, including wire, securities, and commodities fraud, all related to his role in bringing down the company after the price of Terraform Labs tokens LUNA and UST plummeted.
Back in March 2023, Do Kwon was arrested in Montenegro for attempting to travel using a fake passport. Since then, he has remained in Montenegro while U.S. and South Korean authorities have been fighting over who to charge him. Both countries have accused him of fraud, with South Korea seeking his extradition due to his citizenship.
Do Kwon had tried to avoid extradition to the United States through legal means, as South Korea generally imposes lighter penalties for financial crimes. However, the Constitutional Court of Montenegro rejected his appeal on December 26, and a few days later, the Montenegrin Minister of Justice signed an extradition order. On December 31, Montenegrin police handed Do Kwon over to US authorities at Podgorica International Airport.
Now, New York prosecutors accuse Do Kwon of misleading investors about the capabilities and adoption rate of the Terra blockchain, which directly led to the catastrophic collapse of the platform.
Notably, the Manhattan U.S. Attorney's Office, which successfully prosecuted FTX co-founder Sam Bankman-Fried last year, is also handling Do Kwon's case.
Do Kwon was previously found liable by a U.S. jury in a civil fraud case brought by the U.S. SEC and agreed to a $4.47 billion settlement, after which Terraform Labs had to file for bankruptcy.
Do Kwon’s lawyer declined to comment after the hearing. Meanwhile, the next court session is scheduled for January 8, and this case could set the stage for a high-profile cryptocurrency trial in the Southern District of New York.
As Do Kwon’s case continues to unfold in court, it is not only his personal battle, but also the focus of close attention from the entire cryptocurrency world.
#Terra #DoKwon #欺诈
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Wait for everything in $LUNC, $USTC, and $LUNA on the Terra and Terra Classic side unless you see delistings...
The Terra team is among the most experienced and influential teams in the cryptocurrency space. The fact that their leader, Do Kwon, is currently imprisoned does not mean that Terra is finished...
TFL is in bankruptcy proceedings and they are shutting down the company, but they continue their work under an initiative called the Phoenix Directive. The Terra teams know everything about cryptocurrencies. If they hadn't been attacked, they would have launched a blockchain that could surpass Ethereum. They have seen both the best and the worst...
They will definitely showcase this experience. After the collapse, CZ made offers to these teams, but these developers did not abandon Terra.
➖ You can be sure that TFL, which can establish corporate memory by partnering with a giant law firm like Dentons, will return after the court proceedings, even if under different names.
What we have written is definitely not an investment advice. Anything can happen with #LUNC, #USTC, and #LUNA. This is a den of wolves...
#Terra #TerraClassic #DoKwon $LUNC
The Terra team is among the most experienced and influential teams in the cryptocurrency space. The fact that their leader, Do Kwon, is currently imprisoned does not mean that Terra is finished...
TFL is in bankruptcy proceedings and they are shutting down the company, but they continue their work under an initiative called the Phoenix Directive. The Terra teams know everything about cryptocurrencies. If they hadn't been attacked, they would have launched a blockchain that could surpass Ethereum. They have seen both the best and the worst...
They will definitely showcase this experience. After the collapse, CZ made offers to these teams, but these developers did not abandon Terra.
➖ You can be sure that TFL, which can establish corporate memory by partnering with a giant law firm like Dentons, will return after the court proceedings, even if under different names.
What we have written is definitely not an investment advice. Anything can happen with #LUNC, #USTC, and #LUNA. This is a den of wolves...
#Terra #TerraClassic #DoKwon $LUNC
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Trump signing the SilkRoad founder amnesty decision and the possibility of issuing a general amnesty for crypto fines brought Do Kwon to mind...
Some betting sites have opened bets for many crypto fined people. Among these people is FTX CEO SBF. However, Do Kwon's name is not on this list.
Journalist Zack Guzman, who conducted the only interview with Do Kwon after the LUNA collapse, also drew attention to this issue and said that he was surprised that Do Kwon was not on this list.
We should not pay much attention to the names mentioned by betting sites. Do Kwon has not been sentenced yet. For this reason, we find it strange that an amnesty is being discussed, but the precedents will also directly affect the Do Kwon case.
#LUNC , #USTC and#LUNAinvestors are closely following the process. We think that Do Kwon's lawyers will also show these decisions as precedents...
Maybe they wanted to extend the case for this reason. Time will tell everything.
#Terra #TerraClassic #DoKwon $LUNC
Some betting sites have opened bets for many crypto fined people. Among these people is FTX CEO SBF. However, Do Kwon's name is not on this list.
Journalist Zack Guzman, who conducted the only interview with Do Kwon after the LUNA collapse, also drew attention to this issue and said that he was surprised that Do Kwon was not on this list.
We should not pay much attention to the names mentioned by betting sites. Do Kwon has not been sentenced yet. For this reason, we find it strange that an amnesty is being discussed, but the precedents will also directly affect the Do Kwon case.
#LUNC , #USTC and#LUNAinvestors are closely following the process. We think that Do Kwon's lawyers will also show these decisions as precedents...
Maybe they wanted to extend the case for this reason. Time will tell everything.
#Terra #TerraClassic #DoKwon $LUNC
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