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dokwon

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$LUNC $USTC the future belongs to us it is only a matter of time the ⚖️ justice is tilting and finally doing its duty everything done in the dark will someday come to light #LUNC #DoKwon pay attention #LunaticFamily 🐦‍🔥 The SEC declares that liquid cryptocurrency staking activities are not considered securities.
$LUNC $USTC the future belongs to us it is only a matter of time the ⚖️ justice is tilting and finally doing its duty everything done in the dark will someday come to light #LUNC #DoKwon pay attention #LunaticFamily 🐦‍🔥

The SEC declares that liquid cryptocurrency staking activities are not considered securities.
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ThorChain came to the forefront after news that TFL would sell the Station Wallet. The CEO of ThorChain had also made confusing posts regarding UST. Afterwards; the Station Wallet was transferred to Bioeconomy. The CEO of BioEconomy was not a stranger to the ThorChain team... At this point; we saw that Bioeconomy was a custodian. As expected, the Station Wallet was transferred to Ruji Holdings. In other words, to ThorChain... We do not know what this development will bring for $LUNC, $USTC, and $LUNA. ThorChain has its own coins as well. The Terra Classic community does not need the Station Wallet. The number of alternative wallets has increased. Will ThorChain have a plan for USTC and LUNC? Is there a preparation for Do Kwon's return? It is known that the CEO of ThorChain has a fascination with Do Kwon and UST. "Don't forget that the "TCB THORmaximalist" validator serves on the Terra Classic chain..." We will all follow together to see what the new situation brings. #DoKwon #Altcoins #LUNC #USTC #ThorChain $LUNC {spot}(LUNCUSDT)
ThorChain came to the forefront after news that TFL would sell the Station Wallet. The CEO of ThorChain had also made confusing posts regarding UST.
Afterwards; the Station Wallet was transferred to Bioeconomy. The CEO of BioEconomy was not a stranger to the ThorChain team...
At this point; we saw that Bioeconomy was a custodian. As expected, the Station Wallet was transferred to Ruji Holdings. In other words, to ThorChain...
We do not know what this development will bring for $LUNC , $USTC, and $LUNA. ThorChain has its own coins as well. The Terra Classic community does not need the Station Wallet. The number of alternative wallets has increased.
Will ThorChain have a plan for USTC and LUNC? Is there a preparation for Do Kwon's return? It is known that the CEO of ThorChain has a fascination with Do Kwon and UST.
"Don't forget that the "TCB THORmaximalist" validator serves on the Terra Classic chain..."
We will all follow together to see what the new situation brings.

#DoKwon #Altcoins #LUNC #USTC #ThorChain $LUNC
🔍 Smart Money is Accumulating $LUNC 📉📈 Despite its low price, $LUNC is showing strong accumulation signals—especially from whales and institutional players. This kind of silent buying pressure often precedes explosive moves. 📊💥 If the current trend holds, a major breakout may be on the horizon. Don’t sleep on it. 👀 🚀 Accumulation → Expansion 🚀 Weak hands out, strong hands in $LUNC #FTX #DoKwon #Altseason #LUNCBreakout
🔍 Smart Money is Accumulating $LUNC 📉📈

Despite its low price, $LUNC is showing strong accumulation signals—especially from whales and institutional players. This kind of silent buying pressure often precedes explosive moves. 📊💥

If the current trend holds, a major breakout may be on the horizon. Don’t sleep on it. 👀

🚀 Accumulation → Expansion
🚀 Weak hands out, strong hands in

$LUNC
#FTX #DoKwon #Altseason #LUNCBreakout
What if the unthinkable became reality? 🤝 #DoKwon and CZ burying the hatchet — could this mark a fresh beginning for #LUNC and the broader crypto world? Sometimes, a single handshake can change the course of history. #Crypto #Binance #TerraClassic
What if the unthinkable became reality? 🤝
#DoKwon and CZ burying the hatchet — could this mark a fresh beginning for #LUNC and the broader crypto world?
Sometimes, a single handshake can change the course of history.
#Crypto #Binance #TerraClassic
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High-profile cryptocurrency criminals welcome the new year behind barsThe new year brings a fresh start for many, but for some individuals who were once at the center of the cryptocurrency industry, this is a time to face the consequences of their wrongdoing. Below is a list of some prominent figures in the cryptocurrency space who are serving prison sentences: 1. Sam Bankman-Fried (SBF) Charge: Fraud, conspiracy, and money laundering. Sentence: 25 years in prison. Incarceration location: Metropolitan Detention Center, Brooklyn, New York.

High-profile cryptocurrency criminals welcome the new year behind bars

The new year brings a fresh start for many, but for some individuals who were once at the center of the cryptocurrency industry, this is a time to face the consequences of their wrongdoing. Below is a list of some prominent figures in the cryptocurrency space who are serving prison sentences:

1. Sam Bankman-Fried (SBF)
Charge: Fraud, conspiracy, and money laundering.
Sentence: 25 years in prison.
Incarceration location: Metropolitan Detention Center, Brooklyn, New York.
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Seeing the stablecoin wars, we understand better why they attacked $USTC . Do Kwon created an enormous blockchain. They made him pay the price for his success. #DoKwon $LUNC #USTC
Seeing the stablecoin wars, we understand better why they attacked $USTC .

Do Kwon created an enormous blockchain. They made him pay the price for his success.

#DoKwon $LUNC #USTC
TerraHaberTR
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Zack Guzman, who announced that Trump's crypto guru David Sacks will join his team, is closely following the Do Kwon case.

He has been aware of the process since the first day of the LUNA/UST collapse. After today's hearing, he shared an important detail.

Following the one-month extension of the decision hearing; "The race for a pardon from Trump has been extended for another month," he said.

Will Do Kwon benefit from Trump's pardon? We don't know. However, we believe there are significant details beneath Zack Guzman's message.

#LUNC #USTC #DoKwon #TerraClassic
"I’ve always had faith in Do Kwon. He’s not a fraud but a visionary who created a brilliant system and was made a scapegoat for larger forces at play. I hope he’s fully exonerated and makes a strong comeback. He deserves justice. #LUNC #TERRACLASSIC #DoKwon $LUNC {spot}(LUNCUSDT) $LUNA {spot}(LUNAUSDT)
"I’ve always had faith in Do Kwon. He’s not a fraud but a visionary who created a brilliant system and was made a scapegoat for larger forces at play. I hope he’s fully exonerated and makes a strong comeback. He deserves justice. #LUNC #TERRACLASSIC #DoKwon
$LUNC

$LUNA
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👨‍⚖️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
👨‍⚖️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
🚨 Do Kwon's Fate: A Turning Point for $LUNC? 🚨 🔹 Current Price: $0.00006366 (+1.04%) 🔥 Crypto amnesties are rolling in, and all eyes are on Do Kwon's trial. With no definitive sentence yet, the outcome could set a major precedent for Terraform Labs ($LUNA, $LUNC, $USTC). 💭 Market Speculation: Many believe Do Kwon could be released after serving time, especially if he faces compensation obligations. However, the key question remains—Can prosecutors prove undeniable fraud? ⚖️ Legal Uncertainty & Market Impact: ✅ If amnesty is granted, $LUNC and $USTC could react positively with renewed investor confidence. ❌ If new evidence emerges, the case could take an unexpected turn, impacting market sentiment. 📊 What’s Next for Traders? With legal developments unfolding, crypto traders should stay alert—this trial could fuel a new bullish narrative for Terra-related tokens! 🚀 #DoKwon #LUNC #USTC #LUNA #Terraform #Cryptolaw #CryptoNews #Blockchain
🚨 Do Kwon's Fate: A Turning Point for $LUNC? 🚨

🔹 Current Price: $0.00006366 (+1.04%)
🔥 Crypto amnesties are rolling in, and all eyes are on Do Kwon's trial. With no definitive sentence yet, the outcome could set a major precedent for Terraform Labs ($LUNA, $LUNC, $USTC).

💭 Market Speculation:
Many believe Do Kwon could be released after serving time, especially if he faces compensation obligations. However, the key question remains—Can prosecutors prove undeniable fraud?

⚖️ Legal Uncertainty & Market Impact:
✅ If amnesty is granted, $LUNC and $USTC could react positively with renewed investor confidence.
❌ If new evidence emerges, the case could take an unexpected turn, impacting market sentiment.

📊 What’s Next for Traders?
With legal developments unfolding, crypto traders should stay alert—this trial could fuel a new bullish narrative for Terra-related tokens! 🚀

#DoKwon #LUNC #USTC #LUNA #Terraform #Cryptolaw #CryptoNews #Blockchain
Dokwon will appear before the judge today it will be an important day for $LUNC and $USDC . there was a change of prosecutor in do kwon's case we are curious about the new prosecutors the new prosecutor's approach to the process . let's say that this hearing is not a verdict hearing . but a conference hearing .it may be a day when i learn impotant details about the #LUNA✅ #UST #SEC #DoKwon
Dokwon will appear before the judge today it will be an important day for $LUNC and $USDC . there
was a change of prosecutor in do kwon's case we are curious about the new prosecutors
the new prosecutor's approach to the process .

let's say that this hearing is not a verdict hearing
. but a conference hearing .it may be a day when
i learn impotant details about the #LUNA✅ #UST
#SEC #DoKwon
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Bullish
In 2025, #LUNC will be the first coin in crypto history to recover its original position in the shortest time after the worst crash. $LUNA $LUNC $USTC #DOKWON
In 2025, #LUNC will be the first coin in crypto history to recover its original position in the shortest time after the worst crash. $LUNA $LUNC $USTC #DOKWON
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#CPIWatch The rejection of the GENIUS and CLARITY bills by the U.S. House of Representatives for procedural reasons will also impact Do Kwon's hearings. The two bills were the main reason for the two-week delay requested by Do Kwon's lawyers. These bills will be approved, but the process has been postponed. The GENIUS and CLARITY Bills are very important for Trump. Trump tweeted asking for their approval. These two bills will be reintroduced to the U.S. House of Representatives as soon as possible. #GENIUSActPas #DoKwon #TerraUSD #LUNC
#CPIWatch
The rejection of the GENIUS and CLARITY bills by the U.S. House of Representatives for procedural reasons will also impact Do Kwon's hearings.

The two bills were the main reason for the two-week delay requested by Do Kwon's lawyers. These bills will be approved, but the process has been postponed.

The GENIUS and CLARITY Bills are very important for Trump. Trump tweeted asking for their approval. These two bills will be reintroduced to the U.S. House of Representatives as soon as possible.

#GENIUSActPas #DoKwon #TerraUSD #LUNC
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Bullish
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$LUNC $USTC $LUNA Approved the package of Laws of #TRUMP good markets are coming and we will see before we think #DoKwon free 🚀💎 so Lunatics SPARTANS be alert 🐦‍🔥🐦‍🔥🐦‍🔥🐦‍🔥🐦‍🔥 {spot}(LUNCUSDT)
$LUNC $USTC $LUNA Approved the package of Laws of #TRUMP good markets are coming and we will see before we think #DoKwon free 🚀💎 so Lunatics SPARTANS be alert 🐦‍🔥🐦‍🔥🐦‍🔥🐦‍🔥🐦‍🔥
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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 {spot}(LUNCUSDT)
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
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:

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:
LUNC Forecast: ChatGPT Predicts Up To 815% Surge in April!" Unlocking the potential of Terra Classic (LUNC), ChatGPT presents two interesting scenarios for investors. With the bullish sentiment and positive developments, can LUNC surge up to $0.00150 in April, marking a remarkable increase of 815% #lunc #ustc #dokwon #TrendingPredictions #NewSignal
LUNC Forecast: ChatGPT Predicts Up To 815% Surge in April!"

Unlocking the potential of Terra Classic (LUNC), ChatGPT presents two interesting scenarios for investors. With the bullish sentiment and positive developments, can LUNC surge up to $0.00150 in April, marking a remarkable increase of 815%

#lunc #ustc #dokwon #TrendingPredictions #NewSignal
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

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
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