Breaking Crypto News – LUNC Founder Guilty 🚨
Do Kwon, the founder behind the original LUNA (now LUNC), has pleaded guilty in U.S. court to major fraud charges over the $40B Terra collapse.
📌 Key Points:
• Arrested in Montenegro in March 2023 on fake passports.
• Extradited to the U.S. in late 2024.
• Pleaded guilty today to conspiracy & wire fraud.
• Agreed to forfeit $19M+ in assets.
• Facing up to 12 years in prison (sentencing: Dec 11, 2025).
💬 This is one of the biggest cases in crypto history — a turning point for how governments handle such fraud.
#LUNC #CryptoNews #DoKwon #TerraCollapse #BreakingNews
Do Kwon, the founder behind the original LUNA (now LUNC), has pleaded guilty in U.S. court to major fraud charges over the $40B Terra collapse.
📌 Key Points:
• Arrested in Montenegro in March 2023 on fake passports.
• Extradited to the U.S. in late 2024.
• Pleaded guilty today to conspiracy & wire fraud.
• Agreed to forfeit $19M+ in assets.
• Facing up to 12 years in prison (sentencing: Dec 11, 2025).
💬 This is one of the biggest cases in crypto history — a turning point for how governments handle such fraud.
#LUNC #CryptoNews #DoKwon #TerraCollapse #BreakingNews