Big Day for LUNA & LUNC – Do Kwon Court Update
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Today, I’m bringing you the latest news about Do Kwon, the founder of Terraform Labs – the company behind the LUNA and LUNC cryptocurrencies. Many of you remember the major crash of LUNA back in 2022, when its price dropped from a high value to nearly zero in just a few days. That crash caused massive losses for investors worldwide and led to legal actions in multiple countries.
Do Kwon was arrested in Montenegro last year while allegedly trying to travel using a fake passport. Since then, he's been facing serious legal issues in both the U.S. and South Korea, where he's been accused of fraud and violating financial regulations.
Now, here’s the big update: a U.S. federal court hearing is scheduled for tomorrow. During this hearing, Do Kwon may potentially enter or change a plea agreement – meaning he could officially state whether he is guilty or not, possibly as part of a deal with the court.
This development could have a direct impact on LUNA and LUNC prices. If the court decision is severe, prices might drop quickly. However, if there’s a favorable outcome or a settlement, it could bring a short-term recovery.
Traders, stay alert! Legal news like this brings high volatility and risk. Keep an eye on the market and manage your positions wisely.
#LUNA #LUNC #DoKwon #CryptoNews #Blockchain #CryptoUpdate
