LUNA and LUNC pumped!! next $FTT

These coins often pump together, they are all crime coin trends

Terra Tokens Surge as DOJ Seeks 12-Year Sentence for Do Kwon

Tokens in the Terra ecosystem rallied sharply after the US Department of Justice filed a request recommending a 12-year prison sentence for Terra founder Do Kwon. The sentencing request aligns with the plea deal Kwon accepted earlier this year, where he admitted to conspiracy to commit fraud and wire fraud. While he could have faced up to 25 years, prosecutors agreed to cap their recommendation at 12 years in exchange for Kwon waiving his right to a jury trial. His defense team previously argued for a five-year sentence.

In the filing submitted Thursday night, DOJ prosecutors emphasized that a heavy sentence is needed to avoid “unwarranted disparities” with similar high-profile fraud cases, specifically referencing FTX founder Sam Bankman-Fried. SBF was convicted on seven counts in 2023 and sentenced to 25 years. Prosecutors argued that Kwon, like SBF, orchestrated massive fraud while in his twenties and should not receive a significantly lighter penalty.

Do Kwon, now 34, was at the center of the 2022 crypto crash when Terra’s UST and LUNA collapsed, erasing more than 40 billion dollars and triggering contagion across the crypto industry. The fallout contributed to the failures of major firms including FTX and Celsius.

Following the DOJ announcement, Terra’s native tokens LUNA and LUNC jumped 35 percent and 80 percent in a single day, signaling heightened speculative interest around the sentencing event.

The DOJ also dismissed comparisons to Celsius founder Alex Mashinsky, who received 12 years earlier this year. Prosecutors argued that Mashinsky’s five billion dollar damage was far smaller than the destruction caused by Terra’s collapse.

Kwon was arrested in Montenegro in 2023 for using a fake passport and was extradited to New York earlier this year. His final sentencing is scheduled for December 11 before Judge Paul Engelmayer.

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