5Money
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🔥 New twist in LUNA founder’s trial
After denying all charges in early 2025, Do Kwon has now pleaded guilty to two counts, conspiracy to commit fraud and wire fraud, tied to the 2022 collapse of TerraUSD (UST) and LUNA, which caused over $40 billion in losses.
Previously, Kwon was arrested in Montenegro for using a fake passport, then extradited to the U.S. in Dec 2024, where he faced nine felony charges related to LUNA. The two charges today could carry a sentence of up to 25 years if served consecutively.
$LUNC
After denying all charges in early 2025, Do Kwon has now pleaded guilty to two counts, conspiracy to commit fraud and wire fraud, tied to the 2022 collapse of TerraUSD (UST) and LUNA, which caused over $40 billion in losses.
Previously, Kwon was arrested in Montenegro for using a fake passport, then extradited to the U.S. in Dec 2024, where he faced nine felony charges related to LUNA. The two charges today could carry a sentence of up to 25 years if served consecutively.
$LUNC
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