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🚨 BREAKING: LUNA Founder Do Kwon Pleads Guilty to Fraud 🚨
Do Kwon, the creator of Terra ($LUNA ) responsible for its $40 billion collapse, has pleaded guilty to multiple fraud charges in a U.S. court.
Key Details:
Guilty Plea: Admitted to conspiracy and wire fraud, acknowledging he misled investors about Terra’s stability.
Forfeiture: Agreed to surrender over $19 million in assets.
Sentencing: Maximum penalty is 25 years, but prosecutors will recommend no more than 12 years. Sentencing is set for December 11, 2025.
Legal Journey: Arrested in Montenegro in March 2023 for using a fake passport, then extradited to the U.S. in late 2024.
This plea is a milestone in crypto accountability, setting a precedent for how authorities handle major digital asset fraud.
#LUNA $LUNA
Do Kwon, the creator of Terra ($LUNA ) responsible for its $40 billion collapse, has pleaded guilty to multiple fraud charges in a U.S. court.
Key Details:
Guilty Plea: Admitted to conspiracy and wire fraud, acknowledging he misled investors about Terra’s stability.
Forfeiture: Agreed to surrender over $19 million in assets.
Sentencing: Maximum penalty is 25 years, but prosecutors will recommend no more than 12 years. Sentencing is set for December 11, 2025.
Legal Journey: Arrested in Montenegro in March 2023 for using a fake passport, then extradited to the U.S. in late 2024.
This plea is a milestone in crypto accountability, setting a precedent for how authorities handle major digital asset fraud.
#LUNA $LUNA
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