🚨 Breaking News | The prison sentence for Terra (LUNA) founder Do Kwon has been set!
Do Kwon, the co-founder of the Terra (LUNA) platform, pleaded guilty in a U.S. fraud case related to the collapse of the TerraUSD stablecoin, which was valued at $40 billion in 2022.
⚖️ In the court session in New York, Do Kwon agreed to pay a fine of $19.3 million and forfeit some of his assets, in addition to the possibility of being sentenced to up to 12 years in prison.
Do Kwon said:
"I conspired with others to defraud buyers of the cryptocurrency issued by Terraform Labs, and I take full responsibility and apologize for my actions."
🔍 Do Kwon was arrested in Montenegro in 2024 after fleeing, and was extradited to the United States in January 2025.
This event marks a significant point in the history of cryptocurrencies and reflects the movements of justice towards financial crimes in this sector.
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