Big Day for LUNA & LUNC ,Do Kwon Court Update
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Today I bring you news about Do Kwon, the man behind Terraform Labs, the company that made LUNA and LUNC coins. Many of you remember in 2022, LUNA crash badly. The price went from high to almost zero in just few days. Many people lost big money. After that, many cases started against Do Kwon in different countries.
He was caught by police in Montenegro last year when he try to travel with fake passport. Since then, he face legal problems in USA and South Korea. People blame him for fraud and breaking rules in crypto market.
Now, latest update is that a federal judge in USA will have court hearing tomorrow. In this hearing, Do Kwon may change his plea agreement. Plea agreement means when someone say if they are guilty or not, and maybe agree with some deal with court.
This is important for LUNA and LUNC holders because if court decision is strong, price can move fast. If news is bad, prices may fall. If somehow he makes deal and market sees positive side, maybe small recovery happen. Traders must be careful because such legal news can make high risk.
