TerraUSD $40B Collapse Case Do Kwon May Plead Guilty in terraUSD $40B Collapse Case ⚖️
Aslam mu alakum, and hello every one how are you , hope you all will be happy and fine.
Today news is about Do Kwon, co-founder of Terraform Labs. Many of you remember in 2022, TerraUSD stablecoin and its sister coin LUNA crashed hard. This collapse lost about $40 billion and shocked crypto market. Many investors lost their money.
Now, Do Kwon faces a serious fraud case in USA. He may plead guilty in court, which means he might say he did some wrong things. A special hearing is planned for Tuesday where he will explain his side of story and maybe change his plea.
This news is important because it can change trust in crypto market. If big leaders like Do Kwon admit mistakes, maybe rules will become stronger to protect investors. But it also shows crypto market is risky and people must be careful before investing.
For LUNA and Terra fans, this hearing is very important because it can affect the future of these projects and prices.
Thank you so much for reading my today post, and Allah Hafiz.
