🚨 Terra & Terra Classic – Major Do Kwon Update
In a recent hearing, Do Kwon has admitted to all charges as part of a settlement with government authorities. The final verdict is scheduled for December 11, 2025.
🔍 Key Details of the Settlement:
Maximum Sentence: 12 years
Fine: $19 million
Possible Outcome: Remain free and be deported to South Korea
Asset Confiscation: All income-related assets to be seized, including:
Bank accounts & exchange accounts
Crypto wallets
Funds from LUNA Foundation Guard & Terraform Labs (TFL)
After the objection period, assets will be liquidated and proceeds recorded in the USA
No right to appeal under this agreement
💡 Big Questions Ahead:
Will TFL and the Luna Foundation be sold?
Who could step in as a buyer?
How will bankruptcy & liquidation unfold?
📊 Market Impact on Terra Classic:
This could mark a turning point for the Terra Classic ecosystem. Once the chain is managed by credible hands, $luna and $USTC may have the opportunity to rebuild trust and market presence.
Current Price: $luna – 0.00005843 (-5.57%)