Binance Square

terrausd

202,057 views
95 Discussing
taxpayerfromUA
·
--
South Korean entrepreneur Do Kwon, co-founder of Terraform Labs and cryptocurrency developer #TerraUSD and #Luna , pleaded guilty to two counts of charges. The latter relate to conspiracy to commit fraud and fraud using electronic communications. This is reported by Reuters. Earlier, in January, he denied guilt on nine counts, including securities fraud and money laundering, and his trial was scheduled for January 26, 2026. According to the prosecution, in 2021 Kwon misled investors by claiming that the Terra Protocol algorithm automatically restored the peg of the stablecoin TerraUSD to $1 after its price fell. In reality, he organized a covert purchase of the token by a high-frequency trading company to artificially support its price.
South Korean entrepreneur Do Kwon, co-founder of Terraform Labs and cryptocurrency developer #TerraUSD and #Luna , pleaded guilty to two counts of charges. The latter relate to conspiracy to commit fraud and fraud using electronic communications. This is reported by Reuters.

Earlier, in January, he denied guilt on nine counts, including securities fraud and money laundering, and his trial was scheduled for January 26, 2026.

According to the prosecution, in 2021 Kwon misled investors by claiming that the Terra Protocol algorithm automatically restored the peg of the stablecoin TerraUSD to $1 after its price fell. In reality, he organized a covert purchase of the token by a high-frequency trading company to artificially support its price.
·
--
Bullish
Exciting news! Terraform Labs is set to launch a claims portal on March 31, allowing #Luna and #TerraUSD investors to submit their claims. Stay tuned for more updates!
Exciting news! Terraform Labs is set to launch a claims portal on March 31, allowing #Luna and #TerraUSD investors to submit their claims. Stay tuned for more updates!
#CryptoNewss 🔶#BinanceUS resumes services in USD$ 🪙IO net launched joint staking 🪂Kaito AI will open KAITO claims on February 20 at 12PM UTC 🥳 Caldera announced token #ERA , airdrop this year 🇦🇪Mantra Finance received a cryptocurrency license in Dubai ❄️Wintermute plans to expand in the USA and open an office in New York City 🇰🇷The Supreme Court of South Korea ruled that #TerraUSD and #LUNA are not securities 🤯Abstract: as a result of the Cardex hack, $400,000 was stolen, affecting 9,000 wallets 📢Justin Sun announced the launch of an AI-based product (DeepSeek) and Tron in Q2 2025 💰Strategy (formerly MicroStrategy) plans to raise another $2,000,000,000 to purchase $BTC
#CryptoNewss

🔶#BinanceUS resumes services in USD$

🪙IO net launched joint staking

🪂Kaito AI will open KAITO claims on February 20 at 12PM UTC

🥳 Caldera announced token #ERA , airdrop this year

🇦🇪Mantra Finance received a cryptocurrency license in Dubai

❄️Wintermute plans to expand in the USA and open an office in New York City

🇰🇷The Supreme Court of South Korea ruled that #TerraUSD and #LUNA are not securities

🤯Abstract: as a result of the Cardex hack, $400,000 was stolen, affecting 9,000 wallets

📢Justin Sun announced the launch of an AI-based product (DeepSeek) and Tron in Q2 2025

💰Strategy (formerly MicroStrategy) plans to raise another $2,000,000,000 to purchase $BTC
LUNA INVESTOR? Do Kwon’s Extradition Appeal RejectedDo Kwon’s Extradition Appeal Rejected: What’s Next? Montenegro’s Constitutional Court has rejected Do Kwon’s appeal against his extradition, paving the way for his transfer to either the US or South Korea. Here’s what you need to know: Key Points: 1. Appeal Rejected: The court unanimously dismissed Kwon’s appeal, citing legal flaws. This upholds a previous ruling supporting extradition. 2. Extradition Likely to the US: The final decision rests with Montenegro’s justice minister. Reports suggest the US is the favored destination, reflecting the ministry’s position. 3. Terraform’s $40 Billion Collapse: In May 2022, the crash of #TerraUSD and Luna coins wiped out $40 billion. It sparked the infamous 2022 "crypto winter," exposing flaws in platforms like #FTX and Celsius. 4. Global Ripple Effect: Kwon’s arrest in 2023 with a fake passport highlights rising cross-border action on crypto crimes. The case could set a global precedent for regulation. {spot}(LUNCUSDT) Financial Fallout & Political Ties Terraform Labs settled with the SEC for $4.47 billion in June 2024, with Kwon personally fined over $200 million. {spot}(LUNAUSDT) Allegations of Kwon’s political connections in Montenegro, particularly support for the Europe Now party, have stirred controversy. What’s Next? The decision now lies with Montenegro’s justice minister. Whether extradited to the US or South Korea, Kwon’s case underscores the growing demand for accountability in crypto. $LUNA My Insights If you were an investor in the previous Bull Run cycle you already know what I'm talking about, but for new Investors and Traders, be a little cautious of projects like these and people behind them. For example: The Indian Crypto Exchange WazirX, I did warn a few about the cold relationship of Binance with Wazirx and made sure the ones who listened either swap them for other tokens like #BasicAttentionToken . And exactly after a very few weeks Binance announcement of delisting WRX Token happened. {spot}(BATUSDT) #LUNAUpdate How do you think this case will impact crypto regulations? Let’s discuss! Also let me know if you need a content about which solid projects to keep an eye on before it's too late.

LUNA INVESTOR? Do Kwon’s Extradition Appeal Rejected

Do Kwon’s Extradition Appeal Rejected: What’s Next?
Montenegro’s Constitutional Court has rejected Do Kwon’s appeal against his extradition, paving the way for his transfer to either the US or South Korea. Here’s what you need to know:

Key Points:
1. Appeal Rejected:
The court unanimously dismissed Kwon’s appeal, citing legal flaws.
This upholds a previous ruling supporting extradition.
2. Extradition Likely to the US:
The final decision rests with Montenegro’s justice minister.
Reports suggest the US is the favored destination, reflecting the ministry’s position.
3. Terraform’s $40 Billion Collapse:
In May 2022, the crash of #TerraUSD and Luna coins wiped out $40 billion.
It sparked the infamous 2022 "crypto winter," exposing flaws in platforms like #FTX and Celsius.
4. Global Ripple Effect:
Kwon’s arrest in 2023 with a fake passport highlights rising cross-border action on crypto crimes.
The case could set a global precedent for regulation.
Financial Fallout & Political Ties
Terraform Labs settled with the SEC for $4.47 billion in June 2024, with Kwon personally fined over $200 million.
Allegations of Kwon’s political connections in Montenegro, particularly support for the Europe Now party, have stirred controversy.
What’s Next?
The decision now lies with Montenegro’s justice minister. Whether extradited to the US or South Korea, Kwon’s case underscores the growing demand for accountability in crypto.
$LUNA
My Insights
If you were an investor in the previous Bull Run cycle you already know what I'm talking about, but for new Investors and Traders, be a little cautious of projects like these and people behind them.
For example: The Indian Crypto Exchange WazirX, I did warn a few about the cold relationship of Binance with Wazirx and made sure the ones who listened either swap them for other tokens like #BasicAttentionToken . And exactly after a very few weeks Binance announcement of delisting WRX Token happened.
#LUNAUpdate
How do you think this case will impact crypto regulations? Let’s discuss! Also let me know if you need a content about which solid projects to keep an eye on before it's too late.
#CPIWatch The rejection of the GENIUS and CLARITY bills by the U.S. House of Representatives for procedural reasons will also impact Do Kwon's hearings. The two bills were the main reason for the two-week delay requested by Do Kwon's lawyers. These bills will be approved, but the process has been postponed. The GENIUS and CLARITY Bills are very important for Trump. Trump tweeted asking for their approval. These two bills will be reintroduced to the U.S. House of Representatives as soon as possible. #GENIUSActPas #DoKwon #TerraUSD #LUNC
#CPIWatch
The rejection of the GENIUS and CLARITY bills by the U.S. House of Representatives for procedural reasons will also impact Do Kwon's hearings.

The two bills were the main reason for the two-week delay requested by Do Kwon's lawyers. These bills will be approved, but the process has been postponed.

The GENIUS and CLARITY Bills are very important for Trump. Trump tweeted asking for their approval. These two bills will be reintroduced to the U.S. House of Representatives as soon as possible.

#GENIUSActPas #DoKwon #TerraUSD #LUNC
FINAL OF THE SAGA #Terra ! #DoKwon pleads guilty to fraud, bringing an end to the long pursuit following the collapse of the Stablecoin TerraUSD In a dramatic and anticipated turn, Do Kwon, co-founder of Terraform Labs, will plead guilty to charges of electronic fraud and conspiracy to defraud. This decision puts an end to the legal saga that erupted after the collapse of the algorithmic stablecoin Terra USD, an event that wiped out tens of billions of dollars from the crypto market. According to reports from Reuters, Kwon, 33 years old, has notified the court of his intention to waive a trial and plead guilty. Years in Prison: Kwon is expected to face a possible sentence of up to 25 years in prison, reflecting the severity of the charges. Kwon was the chief architect of #TerraUSD (UST) and its sister token #LUNA . The collapse of the ecosystem in 2022 caused one of the largest crises in the history of cryptocurrencies, resulting in massive losses for investors worldwide. Judicial Context: The guilty plea comes a day after Judge Paul Engelmayer reported that "the court has been informed that the defendant may submit a change of plea". $LUNA {spot}(LUNAUSDT) $LUNC {spot}(LUNCUSDT)
FINAL OF THE SAGA #Terra !

#DoKwon pleads guilty to fraud, bringing an end to the long pursuit following the collapse of the Stablecoin TerraUSD

In a dramatic and anticipated turn, Do Kwon, co-founder of Terraform Labs, will plead guilty to charges of electronic fraud and conspiracy to defraud. This decision puts an end to the legal saga that erupted after the collapse of the algorithmic stablecoin Terra USD, an event that wiped out tens of billions of dollars from the crypto market.

According to reports from Reuters, Kwon, 33 years old, has notified the court of his intention to waive a trial and plead guilty.
Years in Prison: Kwon is expected to face a possible sentence of up to 25 years in prison, reflecting the severity of the charges.

Kwon was the chief architect of #TerraUSD (UST) and its sister token #LUNA . The collapse of the ecosystem in 2022 caused one of the largest crises in the history of cryptocurrencies, resulting in massive losses for investors worldwide.

Judicial Context: The guilty plea comes a day after Judge Paul Engelmayer reported that "the court has been informed that the defendant may submit a change of plea".
$LUNA
$LUNC
🚨 BIG LEGAL MOVE IN CRYPTO🔥 Terraform Labs has filed a $4 BILLION lawsuit against Jump Trading, alleging profits from a secret deal before the TerraUSD collapse. One of crypto’s biggest courtroom battles just began.$LUNA #TerraformLabs #JumpTrading #TerraUSD #UST #CryptoNews #CryptoLawsuit #BreakingCrypto #Web3 #Blockchain #CryptoUpdate $ASTER
🚨 BIG LEGAL MOVE IN CRYPTO🔥

Terraform Labs has filed a $4 BILLION lawsuit against Jump Trading, alleging profits from a secret deal before the TerraUSD collapse.
One of crypto’s biggest courtroom battles just began.$LUNA

#TerraformLabs #JumpTrading #TerraUSD #UST #CryptoNews #CryptoLawsuit #BreakingCrypto #Web3 #Blockchain #CryptoUpdate $ASTER
My Assets Distribution
ASTER
ALT
Others
99.76%
0.10%
0.14%
🌖 Legal Milestone: Do Kwon Pleads Guilty The co-founder of Terra, #DoKwon , has officially pleaded guilty in a U.S. federal court to charges of fraud and conspiracy linked to the collapse of #TerraUSD and $LUNA . The case involves investor losses exceeding $40 billion. As part of the agreement, Kwon will forfeit over $19 million in assets and faces up to 12 years in prison. This marks a crucial turning point for the #Terra ecosystem’s legal cleanup. #investors now view it as clearing one major obstacle for future recovery. {spot}(LUNAUSDT) #BinanceHODLerPROVE @wisegbevecryptonews9
🌖 Legal Milestone: Do Kwon Pleads Guilty

The co-founder of Terra, #DoKwon , has officially pleaded guilty in a U.S. federal court to charges of fraud and conspiracy linked to the collapse of #TerraUSD and $LUNA . The case involves investor losses exceeding $40 billion. As part of the agreement, Kwon will forfeit over $19 million in assets and faces up to 12 years in prison. This marks a crucial turning point for the #Terra ecosystem’s legal cleanup. #investors now view it as clearing one major obstacle for future recovery.
#BinanceHODLerPROVE @WISE PUMPS
🚨 Crypto News : Do Kwon's Legal Shift 🚨 Do Kwon — the infamous co-founder of Terraform Labs and the man behind the $40B TerraUSD/LUNA collapse — is reportedly preparing to plead guilty to U.S. fraud charges. This marks a dramatic turn in one of crypto’s biggest scandals, which wiped out billions in investor funds and shook market confidence worldwide. 📌 What this could mean: A potential precedent for prosecuting high-profile crypto fraud cases Possible cooperation deals to reduce sentencing Renewed calls for stricter crypto regulations globally Do you think this will restore trust in the crypto space or make regulators even stricter? 🤔 #CryptoNews #DoKwon #LUNA #TerraUSD #blockchain
🚨 Crypto News : Do Kwon's Legal Shift 🚨

Do Kwon — the infamous co-founder of Terraform Labs and the man behind the $40B TerraUSD/LUNA collapse — is reportedly preparing to plead guilty to U.S. fraud charges.

This marks a dramatic turn in one of crypto’s biggest scandals, which wiped out billions in investor funds and shook market confidence worldwide.

📌 What this could mean:

A potential precedent for prosecuting high-profile crypto fraud cases

Possible cooperation deals to reduce sentencing

Renewed calls for stricter crypto regulations globally

Do you think this will restore trust in the crypto space or make regulators even stricter? 🤔

#CryptoNews #DoKwon #LUNA #TerraUSD #blockchain
·
--
Bullish
⚖️ Crypto in the Spotlight: 3 New U.S. Laws You Can't Ignore 🇺🇸 A New Legal Framework for Cryptocurrencies On July 17, 2025, the U.S. House of Representatives passed three historic laws to regulate the crypto ecosystem: 1. #GENIUSAct : The first federal law for stablecoins. Companies like Circle (USDC) and Tether (USDT) will have to comply with transparent reserves and audits, but they gain legitimacy. 2. #CLARITYAct : End to the "war" SEC vs. CFTC. Bitcoin and Ethereum will no longer be pursued as securities, and exchanges will know what rules to follow. 3. #ANTICBDC : Trump and the Republicans blocked the digital dollar out of fear of mass surveillance. A victory for privacy advocates. 🔮 Impact on Investors: - #Stablecoins Safer: Less risk of collapses like that of #TerraUSD . - Institutions will enter: Clarity attracts funds and banks. - Bitcoin benefits: Without CBDCs, it remains the decentralized alternative. ⚠️ Risks: - The Senate could modify the CLARITY Act, adding bureaucracy. - The Fed could still issue CBDCs for banks (wholesale). These laws mark the beginning of an era of regulated adoption. Crypto is no longer the Wild West! $BTC $ETH $BNB {spot}(BTCUSDT) {spot}(ETHUSDT) {spot}(BNBUSDT)
⚖️ Crypto in the Spotlight: 3 New U.S. Laws You Can't Ignore

🇺🇸 A New Legal Framework for Cryptocurrencies
On July 17, 2025, the U.S. House of Representatives passed three historic laws to regulate the crypto ecosystem:

1. #GENIUSAct : The first federal law for stablecoins. Companies like Circle (USDC) and Tether (USDT) will have to comply with transparent reserves and audits, but they gain legitimacy.

2. #CLARITYAct : End to the "war" SEC vs. CFTC. Bitcoin and Ethereum will no longer be pursued as securities, and exchanges will know what rules to follow.

3. #ANTICBDC : Trump and the Republicans blocked the digital dollar out of fear of mass surveillance. A victory for privacy advocates.

🔮 Impact on Investors:
- #Stablecoins Safer: Less risk of collapses like that of #TerraUSD .
- Institutions will enter: Clarity attracts funds and banks.
- Bitcoin benefits: Without CBDCs, it remains the decentralized alternative.

⚠️ Risks:
- The Senate could modify the CLARITY Act, adding bureaucracy.
- The Fed could still issue CBDCs for banks (wholesale).

These laws mark the beginning of an era of regulated adoption. Crypto is no longer the Wild West!

$BTC $ETH $BNB
·
--
Bullish
1. Do Kwon Pleads Guilty in $40 Billion Terraform Collapse Summary: Do Kwon, the founder of Terraform Labs behind the TerraUSD and Luna debacle, has formally pleaded guilty in a U.S. federal court to charges of fraud, including commodities, securities, and wire fraud associated with the collapse that wiped out $40 billion in value. As part of his plea deal, Kwon faces up to 12 years in prison, must forfeit over $19 million in assets, and will relinquish all holdings in Terraform Labs—sentencing is scheduled for December 11, 2025. #DoKwon #TerraformCollapse #CryptoFraud #TerraUSD #CryptoJustice $BTC $ETH $XRP
1. Do Kwon Pleads Guilty in $40 Billion Terraform Collapse
Summary:
Do Kwon, the founder of Terraform Labs behind the TerraUSD and Luna debacle, has formally pleaded guilty in a U.S. federal court to charges of fraud, including commodities, securities, and wire fraud associated with the collapse that wiped out $40 billion in value. As part of his plea deal, Kwon faces up to 12 years in prison, must forfeit over $19 million in assets, and will relinquish all holdings in Terraform Labs—sentencing is scheduled for December 11, 2025.
#DoKwon #TerraformCollapse #CryptoFraud #TerraUSD #CryptoJustice $BTC $ETH $XRP
Talk about a costly investment! 💸 The Singapore High Court has rejected Do Kwon's claim for a refund on his Orchard Road penthouse deposit. This is a significant setback for the co-founder of the defunct blockchain company Terraform Labs, adding to his growing list of legal and financial woes. Months before the dramatic collapse of his #cryptocurrencies #TerraUSD and #Luna in May 2022, Kwon had set his sights on a luxurious 7,600-square-foot duplex penthouse at Sculptura Ardmore, valued at a staggering 38.8 million SGD. He paid a significant sum of around 19.4 million SGD—nearly half of the purchase price—in option fees and subsequent payments. However, the transaction was never completed, and the property developer eventually resold the penthouse for a lower price of 34.5 million SGD. Despite the developer forfeiting his payments, Kwon, through his wife, filed a lawsuit in the Singapore High Court, arguing the forfeiture was invalid. His application was dismissed on July 26. This ruling is a tangible financial blow for Kwon, who is already entangled in multiple legal battles across the globe. The Terra-Luna collapse wiped out an estimated $40 billion in market capitalization and caused massive losses for countless investors. This case highlights the increasing scrutiny and legal accountability that figures in the crypto space are facing, reinforcing the idea that #crypto isn't a lawless frontier. #Trending $BTC $BNB $XRP
Talk about a costly investment! 💸 The Singapore High Court has rejected Do Kwon's claim for a refund on his Orchard Road penthouse deposit. This is a significant setback for the co-founder of the defunct blockchain company Terraform Labs, adding to his growing list of legal and financial woes.

Months before the dramatic collapse of his #cryptocurrencies #TerraUSD and #Luna in May 2022, Kwon had set his sights on a luxurious 7,600-square-foot duplex penthouse at Sculptura Ardmore, valued at a staggering 38.8 million SGD. He paid a significant sum of around 19.4 million SGD—nearly half of the purchase price—in option fees and subsequent payments.

However, the transaction was never completed, and the property developer eventually resold the penthouse for a lower price of 34.5 million SGD. Despite the developer forfeiting his payments, Kwon, through his wife, filed a lawsuit in the Singapore High Court, arguing the forfeiture was invalid. His application was dismissed on July 26.

This ruling is a tangible financial blow for Kwon, who is already entangled in multiple legal battles across the globe. The Terra-Luna collapse wiped out an estimated $40 billion in market capitalization and caused massive losses for countless investors. This case highlights the increasing scrutiny and legal accountability that figures in the crypto space are facing, reinforcing the idea that #crypto isn't a lawless frontier. #Trending
$BTC $BNB $XRP
💰 From #TerraUSD to YU: why stablecoins fail to maintain $1 and the risks that investors should not ignore ⚠️ Stablecoins like TerraUSD and #YU demonstrate that even 'safe digital dollars' can collapse when liquidity, collateral, or trust fails. 📉 Experts warn that design flaws, market panic, and regulatory uncertainty make stability difficult to maintain. #Stablecoins $USDC
💰 From #TerraUSD to YU: why stablecoins fail to maintain $1 and the risks that investors should not ignore

⚠️ Stablecoins like TerraUSD and #YU demonstrate that even 'safe digital dollars' can collapse when liquidity, collateral, or trust fails.

📉 Experts warn that design flaws, market panic, and regulatory uncertainty make stability difficult to maintain.
#Stablecoins $USDC
·
--
🚨 Terraform Labs Opens Claims Portal for TerraUSD Collapse Victims 🚨 Terraform Labs has launched a claims portal for investors affected by the 2022 TerraUSD (UST) collapse, allowing submissions until April 30. This move aims to address losses from the infamous LUNA crash, which wiped out billions in investor funds. 💰 Will victims finally see compensation? 🔎 Who qualifies for the claims? 📅 Deadline: April 30 – Time is ticking! #TerraUSD #LUNA/USTD #TrumpTariffs #DeFi #Crypto
🚨 Terraform Labs Opens Claims Portal for TerraUSD Collapse Victims 🚨

Terraform Labs has launched a claims portal for investors affected by the 2022 TerraUSD (UST) collapse, allowing submissions until April 30. This move aims to address losses from the infamous LUNA crash, which wiped out billions in investor funds.

💰 Will victims finally see compensation?
🔎 Who qualifies for the claims?
📅 Deadline: April 30 – Time is ticking!

#TerraUSD #LUNA/USTD #TrumpTariffs #DeFi #Crypto
📣 Verdict for Do Kwon: what it means for Terra ($LUNA ) In December 2025, Do Kwon, the former co-founder of Terraform Labs, was sentenced to 15 years in prison for fraud related to the collapse of Luna (#TerraUSD ) in 2022, which resulted in a loss of about $40 billion for investors and became one of the key moments of the crypto winter that year. In the last two weeks before the verdict, #LUNA demonstrated significant volatility. The price increased by over 200–250%, partly due to speculative demand and activity from traders waiting for legal clarity and technical updates from the network. This short-term growth was also supported by updates to the network v2.18.0 and positive technical signals. But analysts warn: such jumps are often driven by wash trading and low liquidity, rather than fundamental changes in the project. 🔮 Forecast: the verdict for Do Kwon may have a mixed effect on LUNA. On one hand, legal clarity could alleviate some uncertainty, contributing to the stabilization of sentiment. On the other hand, the long-term reputation of the network still carries the shadow of the former collapse, which may deter large institutional investments.
📣 Verdict for Do Kwon: what it means for Terra ($LUNA )

In December 2025, Do Kwon, the former co-founder of Terraform Labs, was sentenced to 15 years in prison for fraud related to the collapse of Luna (#TerraUSD ) in 2022, which resulted in a loss of about $40 billion for investors and became one of the key moments of the crypto winter that year.

In the last two weeks before the verdict, #LUNA demonstrated significant volatility. The price increased by over 200–250%, partly due to speculative demand and activity from traders waiting for legal clarity and technical updates from the network.

This short-term growth was also supported by updates to the network v2.18.0 and positive technical signals. But analysts warn: such jumps are often driven by wash trading and low liquidity, rather than fundamental changes in the project.

🔮 Forecast: the verdict for Do Kwon may have a mixed effect on LUNA. On one hand, legal clarity could alleviate some uncertainty, contributing to the stabilization of sentiment. On the other hand, the long-term reputation of the network still carries the shadow of the former collapse, which may deter large institutional investments.
Do Kwon, the founder of Terraform Labs, has been sentenced to 15 years in prison for his role in the collapse of TerraUSD and Luna, which led to a staggering $40 billion loss in the cryptocurrency market. The sentencing, handed down by U.S. District Judge Paul A. Engelmayer, exceeds the 12-year term requested by prosecutors and far surpasses the 5 years sought by Kwon's legal team Kwon, 34, pleaded guilty in August to two counts, conspiracy to defraud and wire fraud, and admitted to making false statements about TerraUSD's stability. He expressed remorse, saying, "I made false and misleading statements about why it regained its peg by failing to disclose a trading firm's role in restoring that peg. What I did was wrong The collapse of TerraUSD and Luna triggered a cascade of crises in the crypto market, causing widespread losses for investors. Judge Engelmayer described Kwon's actions as "fraud on an epic, generational scale," emphasizing the devastating impact on victims As part of his plea deal, Kwon agreed to forfeit over $19 million and pay an $80 million civil fine. He also faces charges in South Korea and may be transferred there after serving half his U.S. sentence 💕 Like Post & Follow Please 💕 #TerraUSD #CryptoCollapse #DoKwon #FraudCase #CryptoRegulation $BTC $XRP $BNB
Do Kwon, the founder of Terraform Labs, has been sentenced to 15 years in prison for his role in the collapse of TerraUSD and Luna, which led to a staggering $40 billion loss in the cryptocurrency market. The sentencing, handed down by U.S. District Judge Paul A. Engelmayer, exceeds the 12-year term requested by prosecutors and far surpasses the 5 years sought by Kwon's legal team

Kwon, 34, pleaded guilty in August to two counts, conspiracy to defraud and wire fraud, and admitted to making false statements about TerraUSD's stability. He expressed remorse, saying, "I made false and misleading statements about why it regained its peg by failing to disclose a trading firm's role in restoring that peg. What I did was wrong

The collapse of TerraUSD and Luna triggered a cascade of crises in the crypto market, causing widespread losses for investors. Judge Engelmayer described Kwon's actions as "fraud on an epic, generational scale," emphasizing the devastating impact on victims

As part of his plea deal, Kwon agreed to forfeit over $19 million and pay an $80 million civil fine. He also faces charges in South Korea and may be transferred there after serving half his U.S. sentence

💕 Like Post & Follow Please 💕

#TerraUSD
#CryptoCollapse
#DoKwon
#FraudCase
#CryptoRegulation
$BTC
$XRP
$BNB
🪙 Terra Classic$LUNC (LUNC) Makes Waves with Today’s Major Announcement! The Terra Classic (LUNC)$LUNC community is buzzing with excitement after today’s official announcement that could reshape the project’s future. 🔥 📢 Key Update: The Terra Classic core team has confirmed a major network upgrade aimed at improving transaction speed and scalability. This move is part of the broader revival roadmap post-LUNA crash, showing strong developer commitment and community resilience. ✨ Highlights: 🔄 Enhanced chain stability and efficiency 🛡️ Strengthened on-chain governance mechanisms 💡 Proposal to introduce AI-driven analytics to the validator system With community engagement growing and technical upgrades underway, Terra Classic is proving it’s here to stay — not just as a reminder of the past, but a force for the future. 🚀 Will this be the spark LUNC needs for a bullish turnaround? Keep watching Binance Square for more breaking crypto updates! #TerraClassic #LUNC #CryptoNews #BinanceSquare #Altcoins $LUNC #TerraLunaClassic #TerraClassicRising #TerraUSD #terraform ---
🪙 Terra Classic$LUNC (LUNC) Makes Waves with Today’s Major Announcement!

The Terra Classic (LUNC)$LUNC community is buzzing with excitement after today’s official announcement that could reshape the project’s future. 🔥

📢 Key Update: The Terra Classic core team has confirmed a major network upgrade aimed at improving transaction speed and scalability. This move is part of the broader revival roadmap post-LUNA crash, showing strong developer commitment and community resilience.

✨ Highlights:

🔄 Enhanced chain stability and efficiency

🛡️ Strengthened on-chain governance mechanisms

💡 Proposal to introduce AI-driven analytics to the validator system

With community engagement growing and technical upgrades underway, Terra Classic is proving it’s here to stay — not just as a reminder of the past, but a force for the future.

🚀 Will this be the spark LUNC needs for a bullish turnaround? Keep watching Binance Square for more breaking crypto updates!

#TerraClassic #LUNC #CryptoNews #BinanceSquare #Altcoins
$LUNC #TerraLunaClassic #TerraClassicRising #TerraUSD #terraform

---
Login to explore more contents
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number