🚨 BREAKING: $LUNA Founder Do Kwon Pleads Guilty to Fraud 🚨
Do Kwon — the man behind Terra’s historic $40B crash — has officially pleaded guilty in a U.S. court.
🔑 Key Points:
🛑 Guilty Plea – Admits to conspiracy & wire fraud, misleading investors about Terra’s stability.
💰 Forfeiture – Will surrender $19M+ in assets.
⏳ Sentencing – Faces up to 25 years, but prosecutors suggest ≤12 years. Verdict on Dec 11, 2025.
🌍 Legal Journey – Arrested in Montenegro (2023) for fake passport → Extradited to U.S. (2024).
📌 Why It Matters: This marks a major precedent in crypto law enforcement showing that fraud in digital assets won’t go unpunished.