Terra & Terra Classic Update – Do Kwon
Do Kwon has accepted all charges during his recent hearing as part of an agreement with government authorities. A final ruling on his case is scheduled for December 11, 2025.
Key Details of the Agreement:
Maximum prison sentence: 12 years
Fine: $19 million
He may remain free but will be deported to South Korea
All assets connected to alleged criminal income will be seized, including:
Bank accounts, exchange accounts, and crypto wallets
Funds linked to the LUNA Foundation and Terraform Labs (TFL)
Following the seizure objection process, all confiscated assets will be liquidated, with proceeds recorded in the USA. Under this agreement, Do Kwon cannot appeal the decision.
Major Questions Arising:
Will the seized companies be sold?
Who might become their new owners?
How will the bankruptcy and liquidation processes proceed?
While speculation is natural, it’s important to stay patient and watch how these events unfold.
What This Means for Terra Classic:
could potentially come out stronger after this process. Those deeply involved with the Terra Classic ecosystem may have better insight into these changes. Once the chain is managed by capable hands, it could reclaim a significant position in the market.
Current Price:
– 0.00005843 (-5.57%)
