*DO KWON CASE: NO OFFICIAL CLOSURE YET! 🚨*
The Do Kwon case is still ongoing, with no official closure in sight. Kwon, the co-founder of Terraform Labs, is facing multiple charges, including securities fraud, commodities fraud, wire fraud, and conspiracy ¹.
*Current Status:*
- *Extradition*: Kwon was extradited to the US from Montenegro and is currently being held in custody.
- *Plea*: He has pleaded not guilty to all charges, with his trial expected to begin in January 2026.
- *Potential Sentence*: If convicted on all counts, Kwon could face over 100 years in prison.
*Impact on $LUNC:*
- *Uncertainty*: The ongoing case creates uncertainty around the future of Terra Classic ($LUNC).
- *Investor Sentiment*: The outcome of the case may influence investor sentiment and potentially impact the price of $LUNC ².
*What's Next?*
- *Trial*: Kwon's trial is expected to shed light on the allegations against him and Terraform Labs.
- *Regulatory Clarity*: The case may provide insight into regulatory frameworks and their application to cryptocurrencies ¹.