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Terraria #TerraLunaClassic Terra Classic is the original chain of what was formerly called Terra. After the collapse of its algorithmic stablecoin in May 2022, the project was restructured: the legacy blockchain was renamed Terra Classic, and the legacy native token LUNA was rebranded as LUNA Classic (LUNC).#TerraLunaClassic
Initially, LUNC’s purpose was to support a stablecoin (then known as UST) through a mint-and-burn supply mechanism — helping maintain the stablecoin’s peg via supply adjustments#TerraUSD
.
After the 2022 collapse, the stablecoin peg failed, and the original mechanism broke down. The chain lost its stablecoin-peg functionality and was turned over to the community.
Initially, LUNC’s purpose was to support a stablecoin (then known as UST) through a mint-and-burn supply mechanism — helping maintain the stablecoin’s peg via supply adjustments#TerraUSD
.
After the 2022 collapse, the stablecoin peg failed, and the original mechanism broke down. The chain lost its stablecoin-peg functionality and was turned over to the community.
🚨🇺🇸 JUST IN: U.S. prosecutors seek 12-year prison for @StableKwon over $40B TerraUSD fraud 💥⚖️
Sentencing set for Dec 11 – the crypto world watches closely! 👀
#TerraUSD #DoKwon #CryptoNews #Bitcoin #Blockchain
Sentencing set for Dec 11 – the crypto world watches closely! 👀
#TerraUSD #DoKwon #CryptoNews #Bitcoin #Blockchain
Do Kwon, the co-founder of Terraform Labs, is facing a 12-year prison sentence sought by U.S. prosecutors for his role in the $40 billion collapse of TerraUSD (UST) and Luna tokens. The sentencing is scheduled for December 11, 2025, in Manhattan federal court.
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*The Case Against Do Kwon*
Prosecutors allege that Kwon's actions led to significant financial losses for investors and contributed to the instability of the crypto market. They claim he misled investors about the stability and functionality of TerraUSD, an algorithmic stablecoin
Kwon's Defense
Kwon's lawyers are pushing for a five-year sentence, citing his cooperation and the harsh conditions of his detention in Montenegro. They also argue that the proposed 12-year sentence is excessive, given the circumstances
*Key Developments*
Kwon pleaded guilty to conspiracy to defraud and wire fraud charges in August 2025.
He agreed to forfeit over $19 million and multiple properties.
The U.S. Securities and Exchange Commission (SEC) secured a $4.5 billion settlement with Terraform Labs and Kwon.
Kwon faces additional charges in South Korea, where prosecutors are seeking a 40-year prison sentence
The outcome of Kwon's sentencing will likely have significant implications for the crypto industry, particularly regarding regulatory oversight and accountability
#DoKwon
#TerraUSD
#CryptoNews
#LunaCollapse
#CryptoRegulation
$BTC
$XRP
$SOL
💕 Like Post & Follow Please 💕
*The Case Against Do Kwon*
Prosecutors allege that Kwon's actions led to significant financial losses for investors and contributed to the instability of the crypto market. They claim he misled investors about the stability and functionality of TerraUSD, an algorithmic stablecoin
Kwon's Defense
Kwon's lawyers are pushing for a five-year sentence, citing his cooperation and the harsh conditions of his detention in Montenegro. They also argue that the proposed 12-year sentence is excessive, given the circumstances
*Key Developments*
Kwon pleaded guilty to conspiracy to defraud and wire fraud charges in August 2025.
He agreed to forfeit over $19 million and multiple properties.
The U.S. Securities and Exchange Commission (SEC) secured a $4.5 billion settlement with Terraform Labs and Kwon.
Kwon faces additional charges in South Korea, where prosecutors are seeking a 40-year prison sentence
The outcome of Kwon's sentencing will likely have significant implications for the crypto industry, particularly regarding regulatory oversight and accountability
#DoKwon
#TerraUSD
#CryptoNews
#LunaCollapse
#CryptoRegulation
$BTC
$XRP
$SOL
DO KWON FATE SEALED! $BTC BRACES FOR 40 BILLION AFTERSHOCKS!
Do Kwon's future is grim. Prosecutors demand 12 years for the 40 billion TerraUSD collapse. This colossal fraud verdict is a seismic event. The crypto world watches. December 11 sentencing will send shockwaves through $BTC , $ETH, $XRP. Market volatility is imminent. Prepare for impact. The game just changed.
Not financial advice. Trade at your own risk.
#CryptoNews #MarketAlert #DoKwon #Urgent #TerraUSD
🚨
Do Kwon's future is grim. Prosecutors demand 12 years for the 40 billion TerraUSD collapse. This colossal fraud verdict is a seismic event. The crypto world watches. December 11 sentencing will send shockwaves through $BTC , $ETH, $XRP. Market volatility is imminent. Prepare for impact. The game just changed.
Not financial advice. Trade at your own risk.
#CryptoNews #MarketAlert #DoKwon #Urgent #TerraUSD
🚨
⚖️ DO KWON SPEAKS OUT
Terraform Labs co-founder Do Kwon requests his sentence in the $40B TerraUSD fraud case be capped at **5 years**.
The case remains one of the largest crypto fraud trials in history.
#DoKwon #TerraUSD #CryptoNews #CryptoFraud #Blockchain
Terraform Labs co-founder Do Kwon requests his sentence in the $40B TerraUSD fraud case be capped at **5 years**.
The case remains one of the largest crypto fraud trials in history.
#DoKwon #TerraUSD #CryptoNews #CryptoFraud #Blockchain
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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.
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 $1 after its price fell. In reality, he organized a covert purchase of the token by a high-frequency trading company to artificially support its price.
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#CryptoNewss
🔶#BinanceUS resumes services in USD$
🪙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 $BTC
🔶#BinanceUS resumes services in USD$
🪙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 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.
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.
See original
#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
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
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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
#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
🌖 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
🚨 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
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
🚨 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 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
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⚖️ 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
🇺🇸 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
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
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
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
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💰 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
⚠️ 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
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