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Terra ($LUNA ) Price Update — August 16, 2025 LUNA is currently at $0.1576, picking up ~2.2% today—stretching a bit after recent chops. In headliner news, Do Kwon admitted Terra/Luna was not self-healing—yes, that stuff about algorithm magic? Turns out it wasn’t. Treat that as a reminder that not all DeFi is self-correcting. And the drama continues: Kwon has now pleaded guilty to fraud related to the $40B collapse, with sentencing due this December. Mood: Uplift, but the emotional baggage is still in the chat. #Binance #Terra #LUNA #DeFiDrama #PriceUpdate
Terra ($LUNA ) Price Update — August 16, 2025
LUNA is currently at $0.1576, picking up ~2.2% today—stretching a bit after recent chops.
In headliner news, Do Kwon admitted Terra/Luna was not self-healing—yes, that stuff about algorithm magic? Turns out it wasn’t. Treat that as a reminder that not all DeFi is self-correcting.
And the drama continues: Kwon has now pleaded guilty to fraud related to the $40B collapse, with sentencing due this December.
Mood: Uplift, but the emotional baggage is still in the chat.

#Binance #Terra #LUNA #DeFiDrama #PriceUpdate
🔥 LUNC vs. USTC: The Ultimate Terra Classic Showdown – What’s Really Going On? 🔍 The LUNC and USTC saga remains one of crypto’s most gripping stories—born from Terra’s epic collapse, yet still fighting for a comeback. But what’s the real connection between these two tokens on Binance, and can either truly recover? Let’s break it down! 🔗 The Unbreakable Bond: LUNC & USTC - Shared History: Both tokens are relics of Terra’s catastrophic crash but still share burn mechanisms, staking, and a die-hard community. - USTC’s Role: Originally Terra’s stablecoin (UST), now TerraClassicUSD (USTC)—its revival could **indirectly pump LUNC, but is that realistic? - LUNC’s Supply Problem: With 6.9 TRILLION coins, hitting $0.1 would need a $690B market cap—almost Bitcoin-level dominance. 🚨 Not happening soon. - LUNC has higher liquidity and trading activity, but USTC has shown bigger % pumps in the past. - Binance Influence: Major trading pairs and burns happen here—**exchange support is CRUCIAL** for both. 🚀 Can USTC’s Revival Save LUNC? - IF USTC regains its peg (big IF), demand for LUNC could rise due to arbitrage & ecosystem activity. - BUT—USTC’s supply is still inflated, and trust in Terra’s stablecoin is shattered. 💥 Realistic Price Predictions: No Hopium Here! - LUNC to $0.001? Possible with massive burns & hype, but $0.01+ needs a miracle. - USTC to $1? Nearly impossible without a full stablecoin reset. 🎯 Final Verdict: Speculative But Entertaining - LUNC = Higher liquidity, bigger community, long-shot moonshot potential. - USTC = Higher risk, possible short-term pumps, but peg recovery unlikely. - Both need MASSIVE burns & adoption to escape meme-coin status. 🔥 Bottom Line: If you’re here for quick trades, volatility is your friend. If you’re here for a long-term revival, buckle up—it’s a wild, uncertain ride. #LUNC✅ #USTC #Terra #crypto #Binance #Moonshot #altcoins
🔥 LUNC vs. USTC: The Ultimate Terra Classic Showdown – What’s Really Going On? 🔍

The LUNC and USTC saga remains one of crypto’s most gripping stories—born from Terra’s epic collapse, yet still fighting for a comeback. But what’s the real connection between these two tokens on Binance, and can either truly recover? Let’s break it down!

🔗 The Unbreakable Bond: LUNC & USTC
- Shared History: Both tokens are relics of Terra’s catastrophic crash but still share burn mechanisms, staking, and a die-hard community.
- USTC’s Role: Originally Terra’s stablecoin (UST), now TerraClassicUSD (USTC)—its revival could **indirectly pump LUNC, but is that realistic?
- LUNC’s Supply Problem: With 6.9 TRILLION coins, hitting $0.1 would need a $690B market cap—almost Bitcoin-level dominance. 🚨 Not happening soon.

- LUNC has higher liquidity and trading activity, but USTC has shown bigger % pumps in the past.
- Binance Influence: Major trading pairs and burns happen here—**exchange support is CRUCIAL** for both.

🚀 Can USTC’s Revival Save LUNC?
- IF USTC regains its peg (big IF), demand for LUNC could rise due to arbitrage & ecosystem activity.
- BUT—USTC’s supply is still inflated, and trust in Terra’s stablecoin is shattered.

💥 Realistic Price Predictions: No Hopium Here!
- LUNC to $0.001? Possible with massive burns & hype, but $0.01+ needs a miracle.
- USTC to $1? Nearly impossible without a full stablecoin reset.

🎯 Final Verdict: Speculative But Entertaining
- LUNC = Higher liquidity, bigger community, long-shot moonshot potential.
- USTC = Higher risk, possible short-term pumps, but peg recovery unlikely.
- Both need MASSIVE burns & adoption to escape meme-coin status.

🔥 Bottom Line: If you’re here for quick trades, volatility is your friend. If you’re here for a long-term revival, buckle up—it’s a wild, uncertain ride.

#LUNC✅ #USTC #Terra #crypto #Binance #Moonshot #altcoins
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Bullish
🚨 BREAKING CRYPTO NEWS 🚨 ⚖️ Do Kwon — founder of Terra (LUNA) — faces up to 12 YEARS in U.S. prison after pleading guilty to fraud over the $40B TerraUSD collapse (2022). 💰 Penalty: $19.3M fine + full asset forfeiture. 🌍 Arrested in Montenegro (2024) ➡ Extradited to U.S. (2025). 🗣 "I take full responsibility and apologize for my actions." 🔥 One of crypto’s biggest scandals just closed another chapter… 💡 Message to the market: No one is untouchable in blockchain. #Terra #LUNA #DoKwon #BlockchainJustice #CryptoScandal
🚨 BREAKING CRYPTO NEWS 🚨
⚖️ Do Kwon — founder of Terra (LUNA) — faces up to 12 YEARS in U.S. prison after pleading guilty to fraud over the $40B TerraUSD collapse (2022).

💰 Penalty: $19.3M fine + full asset forfeiture.
🌍 Arrested in Montenegro (2024) ➡ Extradited to U.S. (2025).
🗣 "I take full responsibility and apologize for my actions."

🔥 One of crypto’s biggest scandals just closed another chapter…
💡 Message to the market: No one is untouchable in blockchain.

#Terra #LUNA #DoKwon #BlockchainJustice #CryptoScandal
Do Kwon pleads guilty in Terra collapse fraud case Terraform Labs co-founder Do Kwon pleaded guilty in US federal court to two counts of fraud related to the collapse of TerraUSD, worth $40 billion. He agreed to pay back more than $19 million and faces up to 25 years in prison, although prosecutors are seeking 12 years. When justice prevailed #Terra #CryptoFraud #DoKwon
Do Kwon pleads guilty in Terra collapse fraud case
Terraform Labs co-founder Do Kwon pleaded guilty in US federal court to two counts of fraud related to the collapse of TerraUSD, worth $40 billion. He agreed to pay back more than $19 million and faces up to 25 years in prison, although prosecutors are seeking 12 years.
When justice prevailed

#Terra #CryptoFraud #DoKwon
LUNA Founder Du Kwon Gets 12 Years FTX’s SBF Gets 20 Years 🚨 $LUNA $LUNC {spot}(LUNCUSDT) {spot}(LUNAUSDT) #CryptoNews #LUNA #Terra #DuKwon #CryptoScam Aslam mu alakum, and hello every one, how are you, hope you all will be happy and fine. Please if you think you can follow me if you think my news are helping you, my purpose is to keep you aware to safe your trade. Today very big drama in crypto news Du Kwon, founder of Terra (LUNA) project, will face only 12 years prison. This is shocking because in 2022 his stablecoin TerraUSD (UST) crashed and caused more than $40 billion loss to market. Many normal people lost all their savings when LUNA price went to zero. In other side, Sam Bankman Fried (SBF), founder of FTX exchange, stole around $10 billion from users and will serve 20 years prison. Why this is strange: People say Du Kwon caused bigger damage but got less time, while SBF caused smaller loss but got more time. Du Kwon’s case went through international courts, while SBF was quickly tried in US. This news shows how sometimes in crypto world, justice can look very different for similar crimes. Thank you so much for visiting my this news post, and Allah hafiz.
LUNA Founder Du Kwon Gets 12 Years FTX’s SBF Gets 20 Years 🚨

$LUNA $LUNC


#CryptoNews #LUNA #Terra #DuKwon #CryptoScam

Aslam mu alakum, and hello every one, how are you, hope you all will be happy and fine.

Please if you think you can follow me if you think my news are helping you, my purpose is to keep you aware to safe your trade.

Today very big drama in crypto news Du Kwon, founder of Terra (LUNA) project, will face only 12 years prison. This is shocking because in 2022 his stablecoin TerraUSD (UST) crashed and caused more than $40 billion loss to market. Many normal people lost all their savings when LUNA price went to zero.

In other side, Sam Bankman Fried (SBF), founder of FTX exchange, stole around $10 billion from users and will serve 20 years prison.

Why this is strange: People say Du Kwon caused bigger damage but got less time, while SBF caused smaller loss but got more time. Du Kwon’s case went through international courts, while SBF was quickly tried in US.

This news shows how sometimes in crypto world, justice can look very different for similar crimes.

Thank you so much for visiting my this news post, and Allah hafiz.
Cryptokoko-4278 :
do kwon deserve 100years prison with 40billion doller lunc and 18billion dollars ustc wiped out
BREAKING CRYPTO NEWS 🚨 ⚖️ Do Kwon, founder of Terra (LUNA), faces up to 12 YEARS in U.S. prison after pleading guilty to fraud tied to the $40 BILLION TerraUSD collapse in 2022. 💰 Ordered to pay $19.3M fine + forfeit assets. 🌍 Arrested in Montenegro (2024) ➡ Extradited to U.S. (2025). 🗣 His words: "I take full responsibility and apologize for my actions." 🔥 One of crypto’s biggest scandals now closes another chapter — and sends a clear message: No one is untouchable in the blockchain world. #Terra #LUNA #CryptoNews #Write2Earn  #ETHTreasuryStrategy
BREAKING CRYPTO NEWS 🚨

⚖️ Do Kwon, founder of Terra (LUNA), faces up to 12 YEARS in U.S. prison after pleading guilty to fraud tied to the $40 BILLION TerraUSD collapse in 2022.

💰 Ordered to pay $19.3M fine + forfeit assets.
🌍 Arrested in Montenegro (2024) ➡ Extradited to U.S. (2025).
🗣 His words: "I take full responsibility and apologize for my actions."

🔥 One of crypto’s biggest scandals now closes another chapter — and sends a clear message:
No one is untouchable in the blockchain world.

#Terra #LUNA #CryptoNews
#Write2Earn  #ETHTreasuryStrategy
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Bullish
🚨 BREAKING CRYPTO NEWS 🚨 ⚖️ Do Kwon, founder of Terra ($BTC LUNA), faces up to 12 YEARS in U.S. prison after pleading GUILTY to fraud over the $40B TerraUSD collapse in 2022. 💰 Penalty: $19.3M fine + full asset forfeiture 🌍 Timeline: Arrested in Montenegro (2024) ➡ Extradited to U.S. (2025) 🗣 Quote: “I take full responsibility and apologize for my actions.” 🔥 One of crypto’s biggest scandals closes another chapter — a clear warning: In blockchain, nobody is untouchable. #Terra #LUNA #DoKwon #CryptonewswithJack #BlockchainJustice
🚨 BREAKING CRYPTO NEWS 🚨
⚖️ Do Kwon, founder of Terra ($BTC LUNA), faces up to 12 YEARS in U.S. prison after pleading GUILTY to fraud over the $40B TerraUSD collapse in 2022.

💰 Penalty: $19.3M fine + full asset forfeiture
🌍 Timeline: Arrested in Montenegro (2024) ➡ Extradited to U.S. (2025)
🗣 Quote: “I take full responsibility and apologize for my actions.”

🔥 One of crypto’s biggest scandals closes another chapter — a clear warning:
In blockchain, nobody is untouchable.

#Terra #LUNA #DoKwon #CryptonewswithJack #BlockchainJustice
--
Bullish
See original
😨 👮🏻 🚨 BREAKING URGENT ⋙ Do Kwon CONFESSES $40 BILLION Fraud ❗ The founder of Terra / $LUNA finally admitted guilt in the largest DeFi collapse in history ⚖️ THE FACTS 💥 Do Kwon confessed to two criminal charges in the U.S. 💰 $40 BILLION evaporated with TerraUSD/LUNA in May 2022 🏛️ Up to 135 years in prison was the original maximum sentence 📉 12 years recommended after plea deal with prosecutors 💸 $19 million in financial penalties 🎭 THE FALL OF THE "KING" DeFi BEFORE » "TerraUSD is the most stable stablecoin on the market!" AFTER: "What I did was wrong, I apologize..." COLLAPSE TIMELINE 2021 » TerraUSD promises $1 forever May 2022 » Total collapse in 72h Mar 2023 » Arrested in Montenegro with fake documents Jan 2025 » Extradited to the U.S. NOW » COMPLETE CONFESSION 💭 REFLECTION FOR THE MARKET 🤔 Why does this MATTER to You ❓ ✅ Regulation coming » Governments will no longer tolerate ✅ DYOR is VITAL » Miraculous promises = red flag ✅ Diversification saves » Never put all eggs in one basket ✅ Centralized stablecoins may be safer 🔥 LESSONS LEARNED RED FLAGS that we ignored Yields of 20%+ "guaranteed" Arrogant founder on social media Complex mechanism "impossible to break" Cult-like community CURRENT OPPORTUNITY This case could accelerate clear regulation = a more mature and secure market in the long run! 🎯 NEXT STEPS 📅 December 11: Final sentence 🇰🇷 South Korea: Still has pending lawsuit ⚖️ SEC: Civil lawsuit already won For us traders ➠ Focus on projects with solid fundamentals ➠ Avoid "impossible" yields ➠ Always maintain stop-loss ➠ Regulation = long-term bullish 💬 Do you think 12 years is fair? Will the market be stronger after this precedent? 📌⚠️ The channel [Leandro Fumao](https://www.binance.com/pt-BR/square/profile/fumao) 🗣️ » Always do your own research before investing. 👨‍🎓📚🎧☕ #DoKwon #Terra #LUNA #LUNC✅ #LUNC $LUNC
😨 👮🏻 🚨 BREAKING URGENT ⋙ Do Kwon CONFESSES $40 BILLION Fraud ❗

The founder of Terra / $LUNA finally admitted guilt in the largest DeFi collapse in history

⚖️ THE FACTS

💥 Do Kwon confessed to two criminal charges in the U.S.
💰 $40 BILLION evaporated with TerraUSD/LUNA in May 2022
🏛️ Up to 135 years in prison was the original maximum sentence
📉 12 years recommended after plea deal with prosecutors
💸 $19 million in financial penalties

🎭 THE FALL OF THE "KING" DeFi

BEFORE » "TerraUSD is the most stable stablecoin on the market!"
AFTER: "What I did was wrong, I apologize..."

COLLAPSE TIMELINE

2021 » TerraUSD promises $1 forever
May 2022 » Total collapse in 72h
Mar 2023 » Arrested in Montenegro with fake documents
Jan 2025 » Extradited to the U.S.
NOW » COMPLETE CONFESSION

💭 REFLECTION FOR THE MARKET

🤔 Why does this MATTER to You ❓

✅ Regulation coming » Governments will no longer tolerate
✅ DYOR is VITAL » Miraculous promises = red flag
✅ Diversification saves » Never put all eggs in one basket
✅ Centralized stablecoins may be safer

🔥 LESSONS LEARNED

RED FLAGS that we ignored

Yields of 20%+ "guaranteed"
Arrogant founder on social media
Complex mechanism "impossible to break"
Cult-like community

CURRENT OPPORTUNITY

This case could accelerate clear regulation = a more mature and secure market in the long run!

🎯 NEXT STEPS

📅 December 11: Final sentence
🇰🇷 South Korea: Still has pending lawsuit
⚖️ SEC: Civil lawsuit already won

For us traders

➠ Focus on projects with solid fundamentals
➠ Avoid "impossible" yields
➠ Always maintain stop-loss
➠ Regulation = long-term bullish

💬 Do you think 12 years is fair? Will the market be stronger after this precedent?

📌⚠️ The channel Leandro Fumao 🗣️ » Always do your own research before investing. 👨‍🎓📚🎧☕

#DoKwon #Terra #LUNA #LUNC✅ #LUNC $LUNC
salgadinho:
👍
--
Bullish
🚨 BREAKING: Do Kwon Enters the Final Showdown 🚨 The figure behind the $40B Terra/LUNA collapse faces a U.S. courtroom today. After months of pleading “not guilty,” rumors suggest he may flip — a guilty plea could drop any moment. Civil court has already ruled him liable for fraud. Now, the criminal trial begins — a case that could reshape how the U.S. prosecutes crypto fraud. The stakes? Enormous. Billions lost. Millions impacted. One verdict to go. 💬 Is this justice… or the system making an example? $LUNC {spot}(LUNCUSDT) $LUNA {spot}(LUNAUSDT) $USTC {spot}(USTCUSDT) #CryptoNews #LUNA #Terra #DoKwon #CryptoLaw
🚨 BREAKING: Do Kwon Enters the Final Showdown 🚨
The figure behind the $40B Terra/LUNA collapse faces a U.S. courtroom today.
After months of pleading “not guilty,” rumors suggest he may flip — a guilty plea could drop any moment.

Civil court has already ruled him liable for fraud. Now, the criminal trial begins — a case that could reshape how the U.S. prosecutes crypto fraud. The stakes? Enormous.
Billions lost. Millions impacted. One verdict to go.

💬 Is this justice… or the system making an example?
$LUNC
$LUNA
$USTC

#CryptoNews #LUNA #Terra #DoKwon #CryptoLaw
See original
💥 Do Kwon, founder #LUNA /#Terra , pleads guilty Do Kwon admitted to fraud charges after the collapse of the Terra/Luna project, which caused losses exceeding $40 billion for investors. Charges: Financial and electronic fraud. Potential penalty: Up to 12 years in prison, with assets worth $19 million confiscated. Impact: A step that could lead to tighter regulation of stablecoins globally, and the entry of the crypto market into a new regulatory phase #خبر_عاجل #HotJulyPPI $BTC {future}(BTCUSDT) $WCT {future}(WCTUSDT) $TREE {future}(TREEUSDT)
💥 Do Kwon, founder #LUNA /#Terra , pleads guilty
Do Kwon admitted to fraud charges after the collapse of the Terra/Luna project, which caused losses exceeding $40 billion for investors.

Charges: Financial and electronic fraud.
Potential penalty: Up to 12 years in prison, with assets worth $19 million confiscated.

Impact: A step that could lead to tighter regulation of stablecoins globally, and the entry of the crypto market into a new regulatory phase
#خبر_عاجل #HotJulyPPI
$BTC
$WCT
$TREE
Do Kwon Pleads Guilty to U.S. Fraud Charges Terraform Labs’ Do Kwon has pleaded guilty to two counts of fraud related to the $40B Terra collapse and agreed to forfeit over $19M. His sentencing is scheduled for December, with recommended prison time up to 12 years. Justice served! #DoKwon #Terra #CryptoFraud
Do Kwon Pleads Guilty to U.S. Fraud Charges
Terraform Labs’ Do Kwon has pleaded guilty to two counts of fraud related to the $40B Terra collapse and agreed to forfeit over $19M. His sentencing is scheduled for December, with recommended prison time up to 12 years.
Justice served!
#DoKwon #Terra #CryptoFraud
$40 Billion Terra CRASH MASTERMINED EXPOSED! Do Kwon Finally Admits Guilt 😱🔥 The crypto world is once again in shock as Do Kwon, co founder of Terraform Labs, has officially pleaded guilty to fraud charges connected to the $40 billion collapse of Terra (LUNA) and TerraUSD (UST) in 2022. Terra was once one of the most promising blockchain projects, with its stablecoin UST designed to maintain a fixed value. But in May 2022, the entire system crashed, wiping out billions of dollars from the market and leaving millions of investors devastated. This event became one of the most infamous disasters in crypto history, leading to global investigations and lawsuits. Do Kwon, who had been on the run for months, was finally arrested in Montenegro in 2023. By admitting guilt, he has now confirmed that he misled investors and manipulated the system for personal and corporate gain. His sentencing could lead to a long prison term and huge financial penalties. For the crypto market, this case is a wake up call. It shows how even the biggest and most hyped projects can fail if they are built on weak foundations and dishonest practices. It also highlights the need for stronger regulations and investor awareness. Traders and investors should take this as a lesson to always research the background of a project, understand how it works, and avoid risking more money than they can afford to lose. #Terra #DoKwon #CryptoNews #LUNA
$40 Billion Terra CRASH MASTERMINED EXPOSED! Do Kwon Finally Admits Guilt 😱🔥

The crypto world is once again in shock as Do Kwon, co founder of Terraform Labs, has officially pleaded guilty to fraud charges connected to the $40 billion collapse of Terra (LUNA) and TerraUSD (UST) in 2022. Terra was once one of the most promising blockchain projects, with its stablecoin UST designed to maintain a fixed value.

But in May 2022, the entire system crashed, wiping out billions of dollars from the market and leaving millions of investors devastated. This event became one of the most infamous disasters in crypto history, leading to global investigations and lawsuits.

Do Kwon, who had been on the run for months, was finally arrested in Montenegro in 2023. By admitting guilt, he has now confirmed that he misled investors and manipulated the system for personal and corporate gain. His sentencing could lead to a long prison term and huge financial penalties.

For the crypto market, this case is a wake up call. It shows how even the biggest and most hyped projects can fail if they are built on weak foundations and dishonest practices. It also highlights the need for stronger regulations and investor awareness. Traders and investors should take this as a lesson to always research the background of a project, understand how it works, and avoid risking more money than they can afford to lose.

#Terra #DoKwon #CryptoNews #LUNA
Salman5151:
I have 266 luna hold but I buy 1.5 dollar
🚨 #DoKwon Admits Guilt in $40B #Terra Collapse $LUNA #terraform Labs founder Do Kwon pled guilty to fraud in New York, admitting he lied about #TerraUSD ’s stability and staged a fake recovery. ⚖️ Faces up to 12 years in prison (max 25) 💸 $19M forfeited + $80M SEC fine 🌍 Still wanted in South Korea This marks the first major DeFi founder conviction, signaling tougher crackdowns on crypto fraud ahead. #Write2Earn
🚨 #DoKwon Admits Guilt in $40B #Terra Collapse $LUNA

#terraform Labs founder Do Kwon pled guilty to fraud in New York, admitting he lied about #TerraUSD ’s stability and staged a fake recovery.

⚖️ Faces up to 12 years in prison (max 25)
💸 $19M forfeited + $80M SEC fine
🌍 Still wanted in South Korea

This marks the first major DeFi founder conviction, signaling tougher crackdowns on crypto fraud ahead.

#Write2Earn
Do Kwon pleads guilty in $40B Terra collapse Terraform Labs founder Do Kwon pleaded guilty in the U.S. to fraud charges related to the $40 billion TerraUSD collapse. He faces a maximum of 12 years in prison under a plea deal. #DoKwon #Terra #CryptoFraud #CryptoJustice
Do Kwon pleads guilty in $40B Terra collapse
Terraform Labs founder Do Kwon pleaded guilty in the U.S. to fraud charges related to the $40 billion TerraUSD collapse. He faces a maximum of 12 years in prison under a plea deal.
#DoKwon #Terra #CryptoFraud #CryptoJustice
See original
Last minute update on the Do Kwon case! 🚨 The co-founder of Terraform Labs, Do Kwon, has pleaded guilty to the charges against him following the collapse of the Terra cryptocurrency, which shocked the market. This guilty plea is part of a deal that, although it initially contemplated a sentence of up to 25 years in prison, could reduce his sentence to 12 years thanks to his cooperation with authorities. In addition to the prison sentence, the agreement stipulates that Kwon will have to pay a fine of 19 million dollars and accept his responsibility in the illicit activities of his company. A stark reminder of the consequences faced by actors in the crypto space who do not act transparently. The story is still developing and the final sentence is in the hands of Judge Paul Engelmayer. What do you think of this turn in the case? #DoKwon #Terra #LUNA #Criptomonedas #Regulación $LUNA {spot}(LUNAUSDT) Disclaimer ⚠️ The information provided in the previous post is for informational and educational purposes only. It should not be interpreted as financial, investment, legal, or tax advice. 🚫 Investing in cryptocurrencies and decentralized finance (DeFi) carries significant risks, including the potential total loss of invested capital. ⚠️ Always do your own research (DYOR - Do Your Own Research) 🫵🏻
Last minute update on the Do Kwon case! 🚨

The co-founder of Terraform Labs, Do Kwon, has pleaded guilty to the charges against him following the collapse of the Terra cryptocurrency, which shocked the market.

This guilty plea is part of a deal that, although it initially contemplated a sentence of up to 25 years in prison, could reduce his sentence to 12 years thanks to his cooperation with authorities.

In addition to the prison sentence, the agreement stipulates that Kwon will have to pay a fine of 19 million dollars and accept his responsibility in the illicit activities of his company.

A stark reminder of the consequences faced by actors in the crypto space who do not act transparently.

The story is still developing and the final sentence is in the hands of Judge Paul Engelmayer.

What do you think of this turn in the case?

#DoKwon #Terra #LUNA #Criptomonedas #Regulación $LUNA

Disclaimer ⚠️

The information provided in the previous post is for informational and educational purposes only. It should not be interpreted as financial, investment, legal, or tax advice. 🚫

Investing in cryptocurrencies and decentralized finance (DeFi) carries significant risks, including the potential total loss of invested capital. ⚠️

Always do your own research (DYOR - Do Your Own Research) 🫵🏻
See original
Do Kwon Expected to Plead Guilty in $40 Billion Terra Crash Do Kwon, the man behind the collapsed cryptocurrency project #Terra , is expected to plead guilty in a New York court. He has pleaded not guilty to US criminal charges related to the project's collapse in 2022, which resulted in a loss of $40 billion. The Fall of an Empire Terra, founded by Do Kwon, has two main products: the LUNA token and the algorithmic stablecoin TerraUSD (#UST ). The project promised huge profits, attracting many investors and making LUNA one of the most valuable cryptocurrencies on the market. However, when UST lost its peg to the USD, the entire ecosystem collapsed, causing a deep financial crisis. Authorities accuse Kwon of defrauding investors to enrich himself. Aftermath and Legal Case Do Kwon is facing nine criminal charges in the United States, including securities fraud, wire fraud, and conspiracy to launder money. Terra’s collapse not only hurt investors, but also sparked a brutal bear market that has bankrupted many other crypto companies. #DoKwon ’s potential guilty plea marks a major turning point in the case and could spell the end of one of the biggest scandals in crypto history. {future}(BTCUSDT) {spot}(BNBUSDT)
Do Kwon Expected to Plead Guilty in $40 Billion Terra Crash

Do Kwon, the man behind the collapsed cryptocurrency project #Terra , is expected to plead guilty in a New York court. He has pleaded not guilty to US criminal charges related to the project's collapse in 2022, which resulted in a loss of $40 billion.

The Fall of an Empire

Terra, founded by Do Kwon, has two main products: the LUNA token and the algorithmic stablecoin TerraUSD (#UST ). The project promised huge profits, attracting many investors and making LUNA one of the most valuable cryptocurrencies on the market.
However, when UST lost its peg to the USD, the entire ecosystem collapsed, causing a deep financial crisis. Authorities accuse Kwon of defrauding investors to enrich himself.

Aftermath and Legal Case

Do Kwon is facing nine criminal charges in the United States, including securities fraud, wire fraud, and conspiracy to launder money. Terra’s collapse not only hurt investors, but also sparked a brutal bear market that has bankrupted many other crypto companies.

#DoKwon ’s potential guilty plea marks a major turning point in the case and could spell the end of one of the biggest scandals in crypto history.

See original
FINAL OF THE SAGA #Terra ! #DoKwon pleads guilty to fraud, bringing an end to the long pursuit following the collapse of the Stablecoin TerraUSD In a dramatic and anticipated turn, Do Kwon, co-founder of Terraform Labs, will plead guilty to charges of electronic fraud and conspiracy to defraud. This decision puts an end to the legal saga that erupted after the collapse of the algorithmic stablecoin Terra USD, an event that wiped out tens of billions of dollars from the crypto market. According to reports from Reuters, Kwon, 33 years old, has notified the court of his intention to waive a trial and plead guilty. Years in Prison: Kwon is expected to face a possible sentence of up to 25 years in prison, reflecting the severity of the charges. Kwon was the chief architect of #TerraUSD (UST) and its sister token #LUNA . The collapse of the ecosystem in 2022 caused one of the largest crises in the history of cryptocurrencies, resulting in massive losses for investors worldwide. Judicial Context: The guilty plea comes a day after Judge Paul Engelmayer reported that "the court has been informed that the defendant may submit a change of plea". $LUNA {spot}(LUNAUSDT) $LUNC {spot}(LUNCUSDT)
FINAL OF THE SAGA #Terra !

#DoKwon pleads guilty to fraud, bringing an end to the long pursuit following the collapse of the Stablecoin TerraUSD

In a dramatic and anticipated turn, Do Kwon, co-founder of Terraform Labs, will plead guilty to charges of electronic fraud and conspiracy to defraud. This decision puts an end to the legal saga that erupted after the collapse of the algorithmic stablecoin Terra USD, an event that wiped out tens of billions of dollars from the crypto market.

According to reports from Reuters, Kwon, 33 years old, has notified the court of his intention to waive a trial and plead guilty.
Years in Prison: Kwon is expected to face a possible sentence of up to 25 years in prison, reflecting the severity of the charges.

Kwon was the chief architect of #TerraUSD (UST) and its sister token #LUNA . The collapse of the ecosystem in 2022 caused one of the largest crises in the history of cryptocurrencies, resulting in massive losses for investors worldwide.

Judicial Context: The guilty plea comes a day after Judge Paul Engelmayer reported that "the court has been informed that the defendant may submit a change of plea".
$LUNA
$LUNC
Feed-Creator-e105db8fb:
And how will he remedy what he made us lose?
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#Luna took away the tears of that year 🥶🥶 This young man Dokwon has likely reached a suitable plea agreement, so he will change his testimony and plead guilty at the upcoming trial. He had previously denied charges of fraud and manipulation of Luna/Terra. The main trial is set for January 2026, but if Kwon pleads guilty soon, everything will proceed more quickly. Come on, try to complete one course and then go back and do it again 🤪🤪 #Luna #terra #Dokwon
#Luna took away the tears of that year 🥶🥶

This young man Dokwon has likely reached a suitable plea agreement, so he will change his testimony and plead guilty at the upcoming trial. He had previously denied charges of fraud and manipulation of Luna/Terra.

The main trial is set for January 2026, but if Kwon pleads guilty soon, everything will proceed more quickly.

Come on, try to complete one course and then go back and do it again 🤪🤪

#Luna #terra #Dokwon
o0oZEUSo0o:
thằng này mà ở ngoài đời nếu gặp XHD bị thua số tiền lớn năm xưa chắc nó bùm luôn nhỉ
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Here's something interesting: The parent company Terraform Labs Pte. Ltd., registered by Do Kwon in Singapore, has a registered capital of 12 SGD, which was approximately 50 RMB at that time. Do Kwon holds 11 SGD in shares, while another American shareholder holds 1 SGD. I paid a fee of 5.5 SGD in 2022 to download it from the Singapore ACRA government website. That was during the Terra collapse; I learned from the news that Terraform registered its headquarters in Singapore back in 2018, so I spent money to buy a copy. Indeed, pulling a fast one. Did those who suffered huge losses on Terra not look into or investigate the details of this company's headquarters? We should give a thumbs up to Singapore's company registration system; any Singaporean with local identity can spend 5.5 SGD to download the registration papers of any locally registered company from the ACRA government website. Businesses should do background checks on partners, job seekers can also check their employers, and when selling stocks or buying tokens, one can check these companies' backgrounds. The registration paper for Terraform Labs Pte. Ltd. that I downloaded is on my phone; I can keep it for my own background checks, but I cannot disseminate it, otherwise the identification numbers of others are included, and sharing it could be illegal. #Terra #TerraformLabs #DoKwon
Here's something interesting:

The parent company Terraform Labs Pte. Ltd., registered by Do Kwon in Singapore, has a registered capital of 12 SGD, which was approximately 50 RMB at that time.

Do Kwon holds 11 SGD in shares, while another American shareholder holds 1 SGD.

I paid a fee of 5.5 SGD in 2022 to download it from the Singapore ACRA government website.

That was during the Terra collapse; I learned from the news that Terraform registered its headquarters in Singapore back in 2018, so I spent money to buy a copy.

Indeed, pulling a fast one.

Did those who suffered huge losses on Terra not look into or investigate the details of this company's headquarters?

We should give a thumbs up to Singapore's company registration system; any Singaporean with local identity can spend 5.5 SGD to download the registration papers of any locally registered company from the ACRA government website. Businesses should do background checks on partners, job seekers can also check their employers, and when selling stocks or buying tokens, one can check these companies' backgrounds.

The registration paper for Terraform Labs Pte. Ltd. that I downloaded is on my phone; I can keep it for my own background checks, but I cannot disseminate it, otherwise the identification numbers of others are included, and sharing it could be illegal.

#Terra
#TerraformLabs
#DoKwon
金色财经
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Golden Web3.0 Daily | Terraform co-founder Do Kwon may plead guilty
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