Legal Developments Concerning the Founder of Terra/$Lunc
Today, a court ruling was issued against Do Kwon, the founder of the Terra/$LUNC project.
The South Korean court confirmed that LUNC is not a security, which provides some flexibility for the community and developers. However, the criminal cases against him are still ongoing, and the US investigations add further uncertainty and pressure to the project's future.
🔎 Immediate Impact:
- Confidence: The ruling increased investor anxiety about the fate of the currency.
- Price: The negative news led to significant volatility and a noticeable decline.
- Community: They are still trying to revive the currency through burns and development plans.
- Legal: The recognition that it is not a security is an important step, but the legal path remains fraught with challenges.
Conclusion: The ruling does not mean the end of $LUNC, but it puts it under constant pressure. Its future depends on the strength of the community and development plans, while legal news will continue to influence the price and market confidence.
