🔥 A new twist in the case of the LUNA founder

After denying all charges in early 2025, Do Kwon has now pleaded guilty to two charges: conspiracy to commit fraud and electronic fraud related to the collapse of TerraUSD (UST) and LUNA in 2022, which resulted in losses exceeding $40 billion.

Previously, Kwon was arrested in Montenegro for using a forged passport and then extradited to the United States in December 2024, where he faced nine criminal charges related to LUNA. The two charges today could lead to a sentence of up to 25 years if served consecutively.

$LUNC