Do Kwon Gets 15 Years! ๐Ÿšจ The Terra/LUNA Saga Ends (For Now)

Do Kwon, the architect of the Terra/LUNA implosion, has been sentenced to 15 years in federal prison. This is a watershed moment for crypto, sending shockwaves across the market. Judge Engelmayer handed down the maximum sentence, finding Kwon guilty of fraud. He's also facing a staggering $19 million forfeiture and $80 million in civil fines, plus a lifetime ban from the industry as part of a massive SEC settlement. The Terra collapse's devastation dwarfs even FTX and OneCoin combined. This sentencing saw $LUNC and $LUNA plunge over 30%, erasing recent gains. The market has spoken.

This marks a significant turning point.

#DoKwon #TerraLUNA #CryptoNews #MarketUpdate โš–๏ธ

LUNC
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-11.52%

LUNA
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0.1971
-0.10%