🔥Do Kwon A Officially Admitted To Fraud🔥
After 3 years since the collapse of Terra – LUNA – UST, Do Kwon has admitted to the charges in the U.S.
• Charges: Conspiracy to commit securities fraud, commodities fraud, wire fraud.
• Damage: ~40 billion USD, one of the largest crashes in crypto history.
• Compensation: Agreed to forfeit over $19 million in assets.
• Sentencing range: If cooperating, up to 12 years; if not, could be up to ~25 years.
• Sentencing date: 11/12/2025.
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🔍 Meaning & Consequences
• A severe blow to the reputation of algorithmic stablecoins.
• The crypto community faces a tighter regulatory framework.
• Damage to investors is nearly impossible to compensate.
• LUNC, LUNA fluctuates significantly, trust remains divided.
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👉 Is this the end of the "Do Kwon era", or just the beginning of larger precedents in crypto?