The agenda in the Terra and Terra Classic communities; Do Kwon!
Do Kwon accepted all charges in the hearing he attended within the framework of the agreement he made with government officials. A decision regarding Do Kwon will be made on December 11, 2025.
According to the agreement; the penalty he will receive will not exceed 12 years. He will pay a fine of $19 million. It seems that Do Kwon made a deal in exchange for his freedom. On December 11, 2025; a decision may come for Do Kwon to remain free and be deported to South Korea.
➖According to the agreement; all of Do Kwon's assets will be confiscated on the grounds of income obtained from the crime.
Among the confiscated items; the LUNA Foundation and TerraformLabs company are also included. All of Do Kwon's bank accounts, exchange accounts, funds in crypto wallets, and all funds in the Luna Foundation and TFL will be confiscated.
After the objection process to the seizure, all assets will be sold, and the income will be recorded in the USA. Under the agreement, Do Kwon has no right to appeal.
The seizure of TFL and the Luna Foundation is very striking. Will these companies be sold? If so, who will buy them? How will the bankruptcy liquidation processes continue when TerraformLabs is sold as a company? At this point, we can produce all kinds of comments, but following the process and seeing what will happen is the best option...
$LUNC and $USTC will come out strong from this process. Those who have a plan in the Terra Classic chain may be more knowledgeable about these processes than we are. When the Terra Classic chain is in strong hands, it will rise to the top again.