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Do Kwon's Return: A New Dawn for LUNC
The return of Do Kwon, Terraform Labs CEO, to South Korea on March 24th marks a potential turning point for LUNC. Here's how it could trigger a positive future:
Clearer Picture, Stronger Trust: Kwon's presence could expedite investigations and bring clarity to the UST de-pegging incident. This transparency can rebuild trust and strengthen the LUNC community.
Potential LUNC Revival Fund: Reports suggest Kwon might allocate funds for LUNC's recovery. This potential financial injection could significantly benefit the LUNC ecosystem.
Community Collaboration Reignited: Kwon's return could reignite discussions and development efforts within the LUNC community, leading to positive advancements for LUNC.
Market Attention and Investor Interest: News surrounding Kwon's return and potential involvement in LUNC's recovery is generating buzz, potentially attracting new investors and driving up the LUNC price.
Disclaimer: This information is for educational purposes only and should not be considered financial advice. Always do your own research before making any investment decisions.
#dokwon #lunc #USTC #Lunc
Clearer Picture, Stronger Trust: Kwon's presence could expedite investigations and bring clarity to the UST de-pegging incident. This transparency can rebuild trust and strengthen the LUNC community.
Potential LUNC Revival Fund: Reports suggest Kwon might allocate funds for LUNC's recovery. This potential financial injection could significantly benefit the LUNC ecosystem.
Community Collaboration Reignited: Kwon's return could reignite discussions and development efforts within the LUNC community, leading to positive advancements for LUNC.
Market Attention and Investor Interest: News surrounding Kwon's return and potential involvement in LUNC's recovery is generating buzz, potentially attracting new investors and driving up the LUNC price.
Disclaimer: This information is for educational purposes only and should not be considered financial advice. Always do your own research before making any investment decisions.
#dokwon #lunc #USTC #Lunc
🌖 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
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
LUNC Forecast: ChatGPT Predicts Up To 815% Surge in April!"
Unlocking the potential of Terra Classic (LUNC), ChatGPT presents two interesting scenarios for investors. With the bullish sentiment and positive developments, can LUNC surge up to $0.00150 in April, marking a remarkable increase of 815%
#lunc #ustc #dokwon #TrendingPredictions #NewSignal
Unlocking the potential of Terra Classic (LUNC), ChatGPT presents two interesting scenarios for investors. With the bullish sentiment and positive developments, can LUNC surge up to $0.00150 in April, marking a remarkable increase of 815%
#lunc #ustc #dokwon #TrendingPredictions #NewSignal
⚖️ Do Kwon Update ⚖️
Do Kwon will be extradited to South Korea to fully regain his freedom.
But here’s the truth: he will never officially return to the Terra / Terra Classic community under his own name.
💡 Remember: these chains are decentralized.
Do Kwon could always rejoin anonymously and start from scratch. Will he? Possibly. Do we need him? No.
In the end, there will always be an ownerless Terra Classic chain — powered by the community, not by one man.
$BTC LUNC and $BTC USTC remain the heartbeat of this blockchain.
Even if we don’t see him, I know Do Kwon will always be among us... 👀
#TerraClassic #LUNC #USTC #DoKwon $BTC LUNC
Do Kwon will be extradited to South Korea to fully regain his freedom.
But here’s the truth: he will never officially return to the Terra / Terra Classic community under his own name.
💡 Remember: these chains are decentralized.
Do Kwon could always rejoin anonymously and start from scratch. Will he? Possibly. Do we need him? No.
In the end, there will always be an ownerless Terra Classic chain — powered by the community, not by one man.
$BTC LUNC and $BTC USTC remain the heartbeat of this blockchain.
Even if we don’t see him, I know Do Kwon will always be among us... 👀
#TerraClassic #LUNC #USTC #DoKwon $BTC LUNC
👨⚖️Do Kwon Pleads Not Guilty to Terra Ecosystem Collapse During US Cryptocurrency Trial
After a lengthy battle, Terraform Labs co-founder Do Kwon was granted extradition to the United States by Montenegrin authorities in late December. On January 2, Do Kwon appeared in court in the United States but pleaded not guilty to fraud charges related to the $40 billion collapse of the TerraUSD (UST) stablecoin.
Do Kwon was questioned by U.S. District Judge Robert Lehrburger in Manhattan and agreed to remain in detention without bail.
Currently, Do Kwon faces nine charges, including wire, securities, and commodities fraud, all related to his role in bringing down the company after the price of Terraform Labs tokens LUNA and UST plummeted.
Back in March 2023, Do Kwon was arrested in Montenegro for attempting to travel using a fake passport. Since then, he has remained in Montenegro while U.S. and South Korean authorities have been fighting over who to charge him. Both countries have accused him of fraud, with South Korea seeking his extradition due to his citizenship.
Do Kwon had tried to avoid extradition to the United States through legal means, as South Korea generally imposes lighter penalties for financial crimes. However, the Constitutional Court of Montenegro rejected his appeal on December 26, and a few days later, the Montenegrin Minister of Justice signed an extradition order. On December 31, Montenegrin police handed Do Kwon over to US authorities at Podgorica International Airport.
Now, New York prosecutors accuse Do Kwon of misleading investors about the capabilities and adoption rate of the Terra blockchain, which directly led to the catastrophic collapse of the platform.
Notably, the Manhattan U.S. Attorney's Office, which successfully prosecuted FTX co-founder Sam Bankman-Fried last year, is also handling Do Kwon's case.
Do Kwon was previously found liable by a U.S. jury in a civil fraud case brought by the U.S. SEC and agreed to a $4.47 billion settlement, after which Terraform Labs had to file for bankruptcy.
Do Kwon’s lawyer declined to comment after the hearing. Meanwhile, the next court session is scheduled for January 8, and this case could set the stage for a high-profile cryptocurrency trial in the Southern District of New York.
As Do Kwon’s case continues to unfold in court, it is not only his personal battle, but also the focus of close attention from the entire cryptocurrency world.
#Terra #DoKwon #欺诈
After a lengthy battle, Terraform Labs co-founder Do Kwon was granted extradition to the United States by Montenegrin authorities in late December. On January 2, Do Kwon appeared in court in the United States but pleaded not guilty to fraud charges related to the $40 billion collapse of the TerraUSD (UST) stablecoin.
Do Kwon was questioned by U.S. District Judge Robert Lehrburger in Manhattan and agreed to remain in detention without bail.
Currently, Do Kwon faces nine charges, including wire, securities, and commodities fraud, all related to his role in bringing down the company after the price of Terraform Labs tokens LUNA and UST plummeted.
Back in March 2023, Do Kwon was arrested in Montenegro for attempting to travel using a fake passport. Since then, he has remained in Montenegro while U.S. and South Korean authorities have been fighting over who to charge him. Both countries have accused him of fraud, with South Korea seeking his extradition due to his citizenship.
Do Kwon had tried to avoid extradition to the United States through legal means, as South Korea generally imposes lighter penalties for financial crimes. However, the Constitutional Court of Montenegro rejected his appeal on December 26, and a few days later, the Montenegrin Minister of Justice signed an extradition order. On December 31, Montenegrin police handed Do Kwon over to US authorities at Podgorica International Airport.
Now, New York prosecutors accuse Do Kwon of misleading investors about the capabilities and adoption rate of the Terra blockchain, which directly led to the catastrophic collapse of the platform.
Notably, the Manhattan U.S. Attorney's Office, which successfully prosecuted FTX co-founder Sam Bankman-Fried last year, is also handling Do Kwon's case.
Do Kwon was previously found liable by a U.S. jury in a civil fraud case brought by the U.S. SEC and agreed to a $4.47 billion settlement, after which Terraform Labs had to file for bankruptcy.
Do Kwon’s lawyer declined to comment after the hearing. Meanwhile, the next court session is scheduled for January 8, and this case could set the stage for a high-profile cryptocurrency trial in the Southern District of New York.
As Do Kwon’s case continues to unfold in court, it is not only his personal battle, but also the focus of close attention from the entire cryptocurrency world.
#Terra #DoKwon #欺诈
"I’ve always had faith in Do Kwon. He’s not a fraud but a visionary who created a brilliant system and was made a scapegoat for larger forces at play. I hope he’s fully exonerated and makes a strong comeback. He deserves justice. #LUNC #TERRACLASSIC #DoKwon
$LUNC
$LUNA
$LUNC
$LUNA
🚨 Do Kwon Pleads Not Guilty in Terra Fraud Case 🚨
Do Kwon, co-founder of Terraform Labs, has been extradited to the U.S. and is facing charges tied to the $40B Terra ecosystem collapse. Charges include securities fraud, wire fraud, money laundering, and commodities fraud.
📅 Next Step: A court conference is set for January 8, 2025, to address motions and evidence.
#DoKwon #FTX $ETH $BTC
Do Kwon, co-founder of Terraform Labs, has been extradited to the U.S. and is facing charges tied to the $40B Terra ecosystem collapse. Charges include securities fraud, wire fraud, money laundering, and commodities fraud.
📅 Next Step: A court conference is set for January 8, 2025, to address motions and evidence.
#DoKwon #FTX $ETH $BTC
Supporting Do Kwon: A Visionary Who Deserves Justice
$LUNC
Throughout the events surrounding the Terra collapse, I’ve remained steadfast in my belief in Do Kwon. Contrary to the widespread narrative, I don’t view him as a fraud; instead, I see him as a visionary who developed an innovative system, one that was ahead of its time. While the project faced a catastrophic downfall, I believe the blame lies deeper, perhaps within larger, more complex forces that go beyond Do Kwon’s actions.
#DoKwon #VisionaryLeader #CryptoInnovation
$LUNC
Throughout the events surrounding the Terra collapse, I’ve remained steadfast in my belief in Do Kwon. Contrary to the widespread narrative, I don’t view him as a fraud; instead, I see him as a visionary who developed an innovative system, one that was ahead of its time. While the project faced a catastrophic downfall, I believe the blame lies deeper, perhaps within larger, more complex forces that go beyond Do Kwon’s actions.
#DoKwon #VisionaryLeader #CryptoInnovation
The hearings for the Do Kwon case have been postponed to January 2026, but a major conference hearing will take place next month...
This conference in April will discuss and debate all the details of the LUNA/UST collapse.
At this conference in April; Terra must be very transparent. They must expose those who carried out the attack, along with the evidence. We did not see this in the TFL-SEC case. They did not do it, but these things must happen in the Do Kwon case.
You saw CZ's tweet. It's time to play the cards openly...
#DoKwon #FTX #LUNC #USTC #LUNA $LUNC
This conference in April will discuss and debate all the details of the LUNA/UST collapse.
At this conference in April; Terra must be very transparent. They must expose those who carried out the attack, along with the evidence. We did not see this in the TFL-SEC case. They did not do it, but these things must happen in the Do Kwon case.
You saw CZ's tweet. It's time to play the cards openly...
#DoKwon #FTX #LUNC #USTC #LUNA $LUNC
Will the South Korean government’s interest in cryptocurrencies push $LUNC to the forefront? South Korean software developers developed the Terra Classic chain. South Korea could reach the top of stablecoins with Terra Classic. Do Kwon knew this…
#TerraClassic #LUNC #DoKwon #USTC
#TerraClassic #LUNC #DoKwon #USTC
🚨 Do Kwon Faces the Court!
After being extradited to the United States, Do Kwon appeared in court on Thursday and denied all charges. The case continues to draw global attention. ⚖️🌍
⚠️ Disclaimer: This is not financial advice. Always DYOR before making investment decisions.
#DoKwon
After being extradited to the United States, Do Kwon appeared in court on Thursday and denied all charges. The case continues to draw global attention. ⚖️🌍
⚠️ Disclaimer: This is not financial advice. Always DYOR before making investment decisions.
#DoKwon
$LUNC $USTC $LUNA 🎊🚨🌜🌜🎂🎂 tomorrow on 26/07/ is a very important date for the lunatics ESPARTANS 🐦🔥 #LUNC 06 years of battles achievements but also sorrows 1.3$ we continue moving forward building our future that can no longer be postponed #DoKwon soon we will know about it and #Binance will also provide new news about lunch
Do Kwon Pleads Guilty in $40B Crypto Collapse
Do Kwon, the developer behind the 2022 $40 billion crypto meltdown, has pleaded guilty to U.S. fraud charges. This marks a major legal milestone and signals increased scrutiny on crypto founders and projects.
#CryptoJustice #DoKwon #CryptoRegulation
Stay informed—opt for trusted assets like $BTC or $ETH H in your Binance portfolio.
Do Kwon, the developer behind the 2022 $40 billion crypto meltdown, has pleaded guilty to U.S. fraud charges. This marks a major legal milestone and signals increased scrutiny on crypto founders and projects.
#CryptoJustice #DoKwon #CryptoRegulation
Stay informed—opt for trusted assets like $BTC or $ETH H in your Binance portfolio.
#DoKwon 🫂🤲
Crypto News Portal
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Zack Guzman, who announced that Trump's crypto guru David Sacks will join his team, is closely following the Do Kwon case.
He has been aware of the process since the first day of the LUNA/UST collapse. After today's hearing, he shared an important detail.
Following the one-month extension of the decision hearing; "The race for a pardon from Trump has been extended for another month," he said.
Will Do Kwon benefit from Trump's pardon? We don't know. However, we believe there are significant details beneath Zack Guzman's message.
#LUNC #USTC #DoKwon #TerraClassic
He has been aware of the process since the first day of the LUNA/UST collapse. After today's hearing, he shared an important detail.
Following the one-month extension of the decision hearing; "The race for a pardon from Trump has been extended for another month," he said.
Will Do Kwon benefit from Trump's pardon? We don't know. However, we believe there are significant details beneath Zack Guzman's message.
#LUNC #USTC #DoKwon #TerraClassic
The supplemental indictment of Do Kwon includes the charge of money laundering
The co-founder of Terraform Labs has been charged with eight counts in 2023 but is likely to face an additional charge of conspiracy to commit money laundering.
The U.S. Attorney's Office revealed additional charges against Terraform Labs co-founder Do Kwon after he was extradited from Montenegro: conspiracy to commit money laundering.
In the supplemental indictment released on January 2 in the U.S. District Court for the Southern District of New York, U.S. Attorney Damian Williams accused Kwon of conspiring with others to commit money laundering.
According to the U.S. Attorney, the co-founder of Terraform facilitated transactions worth over $10,000 on this platform “knowing that the assets involved in certain financial transactions were proceeds from certain forms of illegal activity.”
The charge of money laundering is part of the amended indictment that was not initially filed as part of the original indictment consisting of eight counts against Kwon in March 2023. Prosecutors filed the sealed indictment in May 2024, and a judge ordered the indictment to be made public during Kwon's trial on January 2.
The co-founder of Terraform Labs has been charged with eight counts in 2023 but is likely to face an additional charge of conspiracy to commit money laundering.
The U.S. Attorney's Office revealed additional charges against Terraform Labs co-founder Do Kwon after he was extradited from Montenegro: conspiracy to commit money laundering.
In the supplemental indictment released on January 2 in the U.S. District Court for the Southern District of New York, U.S. Attorney Damian Williams accused Kwon of conspiring with others to commit money laundering.
According to the U.S. Attorney, the co-founder of Terraform facilitated transactions worth over $10,000 on this platform “knowing that the assets involved in certain financial transactions were proceeds from certain forms of illegal activity.”
The charge of money laundering is part of the amended indictment that was not initially filed as part of the original indictment consisting of eight counts against Kwon in March 2023. Prosecutors filed the sealed indictment in May 2024, and a judge ordered the indictment to be made public during Kwon's trial on January 2.
Do Kwon Released from Montenegro Prison as Extradition Verdict Still Pending
Do Kwon, co-founder of Terraform Labs, has been released from prison in Montenegro while the extradition proceedings regarding his request to be extradited to the USA and South Korea are still ongoing, according to a report by Bloomberg citing officials from the prison system.
Doubts Surrounding Kwon's Extradition Decision:
His recent decision to be extradited to South Korea has been challenged by the top prosecutor of Montenegro. Recently, it has come to light that the highest prosecutor's office in Montenegro has transferred this case for review to the Supreme Court, citing irregularities.
Arrest of Do Kwon and the Collapse of the Terra Project:
Do Kwon was arrested in Montenegro in March 2023 when he was caught with a fake Costa Rican passport while attempting to travel to Dubai in the United Arab Emirates. Kwon was the architect of the failed crypto project TerraUSD stablecoin, which experienced a collapse along with LUNA, another token from the Terra project.
Extradition Decision and Investigation:
Both the USA and South Korea have requested Kwon's extradition, but the Minister of Justice of Montenegro favors extradition to South Korea. This decision has been contested by the top prosecutor of Montenegro. South Korean authorities are now actively seeking to prosecute Do Kwon for his alleged frauds and tax evasion.
Do Kwon has denied the accusations, claiming that the $40 billion collapse of the Terra ecosystem was a result of market forces and does not indicate any criminal activity.
#dokwon #terraformLabs
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Doubts Surrounding Kwon's Extradition Decision:
His recent decision to be extradited to South Korea has been challenged by the top prosecutor of Montenegro. Recently, it has come to light that the highest prosecutor's office in Montenegro has transferred this case for review to the Supreme Court, citing irregularities.
Arrest of Do Kwon and the Collapse of the Terra Project:
Do Kwon was arrested in Montenegro in March 2023 when he was caught with a fake Costa Rican passport while attempting to travel to Dubai in the United Arab Emirates. Kwon was the architect of the failed crypto project TerraUSD stablecoin, which experienced a collapse along with LUNA, another token from the Terra project.
Extradition Decision and Investigation:
Both the USA and South Korea have requested Kwon's extradition, but the Minister of Justice of Montenegro favors extradition to South Korea. This decision has been contested by the top prosecutor of Montenegro. South Korean authorities are now actively seeking to prosecute Do Kwon for his alleged frauds and tax evasion.
Do Kwon has denied the accusations, claiming that the $40 billion collapse of the Terra ecosystem was a result of market forces and does not indicate any criminal activity.
#dokwon #terraformLabs
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Do Kwon Pleads Not Guilty to US Charges Over Terra LUNA, UST Crash:
* Freshly extradited from Montenegro, Terraform Labs co-founder Do Kwon pleaded not guilty to U.S. criminal charges over Terra's collapse.
Alleged crypto crook Do Kwon pleaded pleaded not guilty in a New York court Thursday to U.S. criminal charges over the 2022 collapse of the Terra crypto ecosystem, following his extradition earlier this week from Montenegro.
Feds hit the 33-year-old disgraced tech entrepreneur with nine criminal counts, including securities fraud, wire fraud, commodities fraud, and conspiracy to commit money laundering. He agreed Thursday to be held without bail before U.S. Magistrate Judge Robert Lehrburger, Inner City Press reported.
Kwon founded Terra, a once-sizable crypto ecosystem with apps built around the LUNA token and the TerraUSD (UST) algorithmic stablecoin. The project was popular with investors, and rapidly grew to become the second-biggest blockchain in the sphere after Ethereum by early 2022.
[Do Kwon is flipping through the superseding indictment - then tutns to his second lawyer]
Judge: How do you plead?
Not guilty [through counsel Chesley who adds, We consent to detention without prejudice
Its native cryptocurrency, LUNA, was in its prime as one of the top digital assets by market cap. Kwon made a lot of money, very quickly, and even mocked "poor" people on X (formerly known as Twitter).
But Terra collapsed in May 2022, taking $40 billion of investors' money with it. The crash led to a brutal bear market, as many crypto projects with exposure to the project later declared bankruptcy.
The project's main product, the UST stablecoin, couldn't keep its stable peg to the dollar, resulting in the entire ecosystem collapsing and losing nearly all of its value in a matter of days.
Authorities in both the U.S. and South Korea now allege that the entrepreneur was a scammer who conned investors into buying his cryptocurrency.
Behind the scenes, core Terraform products did not work as Kwon advertised, and were manipulated to create the illusion of a functioning and decentralized financial system in order to lure investors," Thursday's indictment reads.
Kwon was arrested in Montenegro last year for allegedly attempting to travel on a fake passport. His lawyers kept him in the country until Tuesday, when he was finally extradited to the United States.
Follow For Free Signals 🤞 😊 💵 ...
🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
$LUNA $LUNC $BTC #DoKwon #Binance250Million #BinanceAlphaAlert #BTCRebounds95K #USStateBuysBTC
Alleged crypto crook Do Kwon pleaded pleaded not guilty in a New York court Thursday to U.S. criminal charges over the 2022 collapse of the Terra crypto ecosystem, following his extradition earlier this week from Montenegro.
Feds hit the 33-year-old disgraced tech entrepreneur with nine criminal counts, including securities fraud, wire fraud, commodities fraud, and conspiracy to commit money laundering. He agreed Thursday to be held without bail before U.S. Magistrate Judge Robert Lehrburger, Inner City Press reported.
Kwon founded Terra, a once-sizable crypto ecosystem with apps built around the LUNA token and the TerraUSD (UST) algorithmic stablecoin. The project was popular with investors, and rapidly grew to become the second-biggest blockchain in the sphere after Ethereum by early 2022.
[Do Kwon is flipping through the superseding indictment - then tutns to his second lawyer]
Judge: How do you plead?
Not guilty [through counsel Chesley who adds, We consent to detention without prejudice
Its native cryptocurrency, LUNA, was in its prime as one of the top digital assets by market cap. Kwon made a lot of money, very quickly, and even mocked "poor" people on X (formerly known as Twitter).
But Terra collapsed in May 2022, taking $40 billion of investors' money with it. The crash led to a brutal bear market, as many crypto projects with exposure to the project later declared bankruptcy.
The project's main product, the UST stablecoin, couldn't keep its stable peg to the dollar, resulting in the entire ecosystem collapsing and losing nearly all of its value in a matter of days.
Authorities in both the U.S. and South Korea now allege that the entrepreneur was a scammer who conned investors into buying his cryptocurrency.
Behind the scenes, core Terraform products did not work as Kwon advertised, and were manipulated to create the illusion of a functioning and decentralized financial system in order to lure investors," Thursday's indictment reads.
Kwon was arrested in Montenegro last year for allegedly attempting to travel on a fake passport. His lawyers kept him in the country until Tuesday, when he was finally extradited to the United States.
Follow For Free Signals 🤞 😊 💵 ...
🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
$LUNA $LUNC $BTC #DoKwon #Binance250Million #BinanceAlphaAlert #BTCRebounds95K #USStateBuysBTC
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