🔥Do Kwon Officially Admits to Fraud🔥
After 3 years since the collapse of Terra – LUNA – UST, Do Kwon has confessed to the charges in the US.
• Charges: Securities, commodities fraud conspiracy, wire fraud.
• Damage: ~40 billion USD, one of the largest crashes in crypto history.
• Compensation: Agreed to forfeit over $19 million in assets.
• Sentencing range: If cooperating, up to 12 years; if not, possibly up to ~25 years.
• Sentencing date: 11/12/2025.
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🔍 Significance & Consequences
• A severe blow to the credibility of algorithmic stablecoins.
• The crypto community faces tighter legal frameworks.
• Investor losses are nearly impossible to compensate.
• LUNC, LUNA experience significant volatility, trust remains divided.
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👉 Is this the end of the “Do Kwon era,” or just the beginning of larger precedents in crypto?
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#DoKwon #LUNC #LUNA #CryptoNews #BinanceSquare