**Terra & Terra Classic Update – Do Kwon**
Do Kwon has **accepted all charges** in his recent hearing as part of an agreement with government authorities. A final decision regarding his case is expected on **December 11, 2025**.
**Key Points of the Agreement:**
* Maximum penalty: **12 years**
* Fine: **\$19 million**
* He may remain free and be **deported to South Korea**
* **All assets** linked to income from the alleged crimes will be **confiscated**, including:
* Bank accounts, exchange accounts, crypto wallets
* Funds from **LUNA Foundation** and **Terraform Labs (TFL)**
After the seizure objection process, all assets will be sold, with proceeds recorded in the **USA**. Do Kwon **cannot appeal** under this agreement.
The seizure of TFL and the Luna Foundation raises major questions:
* Will these companies be sold?
* Who might acquire them?
* How will the bankruptcy and liquidation processes unfold?
While speculation is natural, it’s best to follow the process and see how events develop.
**Implications for Terra Classic:**
\$LUNC and \$USTC could emerge stronger from this process. Those actively engaged with the Terra Classic chain may have deeper insights into these developments. Once the chain is in capable hands, it has potential to regain its position in the market.
**\$LUNC** – 0.00005843 (-5.57%)
