terraform

Terraform's Do Kwon Sentenced to 15 Years in Prison for Fraud

The Terraform Labs co-founder pleaded guilty to conspiracy and wire fraud in August.

#terraform

#Terraform Labs founder Do Kwon has been sentenced to 15 years in federal prison for his role in the Terra-Luna collapse, which wiped out $40 billion in market value in 2022.
The sentencing took place in Manhattan, where U.S. District Judge Paul Engelmayer imposed a harsher punishment than both sides had proposed.
Specifically, federal prosecutors sought a 12-year term, arguing that Kwon’s actions devastated investors worldwide. Meanwhile, Kwon’s team urged the court to consider a much shorter five-year sentence, citing cooperation and remorse.
#Crypto

🚨 DO KWON SENTENCED TO 15 YEARS!

Terraform Labs co-founder Do Kwon gets 15 years in prison for the Terra collapse that wiped out $50 BILLION from crypto markets in just three days. 💥

This is one of the largest crypto scandals in history.

#DoKwon #Terraform #CryptoNews #Bitcoin #ETH

$AXL
$USUAL $LUNC

DO KWON JAILED 15 YEARS FOR $LUNA COLLAPSE 🚨

The final hammer just dropped on Do Kwon. The Terraform Labs co-founder received a 15-year prison sentence after pleading guilty to fraud charges stemming from the catastrophic $40 billion collapse of TerraUSD ($UST). This closes one of the darkest chapters in crypto history, sending a clear message: accountability is coming for bad actors. ⚖️

This is not financial advice. Do your own research.
#LUNA #CryptoNews #Legal #Terraform #UST
🚀

DO KWON SENTENCED! $40 BILLION FRAUD COLLAPSES!

The architect of the $40 billion Terraform collapse is finally facing justice. 15 years in prison. This is a seismic event. The consequences will ripple through the entire crypto market. Prepare for extreme volatility. Do not miss this.

This is not financial advice.

#CryptoNews #Terraform #LUNC #USTC 🚨

🚨 JUST IN: Do Kwon Sentenced!

⚖️ Do Kwon gets 15 years in prison for the $40B Terraform Labs fraud.

💥 This is one of the largest crypto scams in history.
📉 Investors, regulators, and crypto markets are watching closely.

#CryptoNews #DoKwon #Terraform #Bitcoin #ETH

$LUNC $LUNA $BARD

LUNC VE USTC COMMUNITY COINS ARE KNOWN AS SUCH, THEREFORE WE ALSO HAVE SOME SHARES, AND WE WANT OUR COINS TO BE AT THE TOP BECAUSE TERRA CLASSIC CHAIN IS NOT A WORSE CHAIN THAN THEM, IN FACT IT IS BETTER THAN MOST, BUT WHEN THE PRICE IS LOW, IT DOES NOT ATTRACT PEOPLE'S ATTENTION. RISES WILL TAKE US TO THE SUMMITS AS LONG AS IT STAYS AT THE PRICES IT REACHED AND DOES NOT FALL AGAIN AND AGAIN, THEN QUALITY WILL SHOW ITSELF.
#LUNC✅
#USTC
#TERRACLASSİC
#terraform

🚨 BREAKING: MAJOR LEGAL BOMBSHELL HITS CRYPTO! 🚨
US Prosecutors are pushing for a 12-year prison sentence for Terraform co-founder Do Kwon following his role in the devastating $40 BILLION collapse of the Terra ecosystem ($LUNA / $UST). This is a monumental moment for accountability in the digital asset space and sends a clear message to all market players.
The court's decision will set a critical precedent for regulation and investor safety in the decentralized world. While the market digests this news, volatility could be your opportunity! Smart money is watching closely.
Are you positioned for the next move? Don't let FUD or news shockwaves catch you off guard. Clarity is key in uncertain times.
Trade or Buy $BTC / $USDT Now!
Follow & Turn 🔔 On! ✅
#CryptoNews #DoKwon #Terraform #LUNA #UST #CryptoTrading #MarketWatch #Regulation #Bitcoin #Altcoins

#USA #Terraform
U.S. prosecutors are seeking a 12-year prison sentence for Terraform Labs co-founder Do Kwon over his role in the $40B Terra ecosystem collapse. Kwon has already pleaded guilty to fraud-related charges, and prosecutors say his actions caused massive losses across global markets. A final sentencing decision is expected soon.#BTCVSGOLD #BinanceBlockchainWeek #BTC86kJPShock $BTC
$ETH $

💥BREAKING: US prosecutors push for 12-year prison sentence for Terraform co-founder Do Kwon over $40B collapse ⚖️💸

A major moment in crypto accountability! 🚨

#DoKwon #Terraform #CryptoNews #BreakingNews #CryptoCollapse

🚨 BREAKING: 🇺🇸 US prosecutors push for 12-year prison sentence for Terraform co-founder Do Kwon ⚖️💥

TERRA collapse caused $40B loss 💸

#DoKwon #Terraform #CryptoNews #Bitcoin #CryptoAlert

🚨 #DoKwon Pushes for Reduced 5-Year Sentence as Prosecutors Call Terraform Collapse a “Colossal Fraud”

#Terraform Labs co-founder Do Kwon is fighting for a significantly reduced sentence, requesting five years behind bars — even as U.S. prosecutors describe his actions as one of the largest and most damaging frauds in crypto history.

According to a new filing reported by Bloomberg, prosecutors argue that Kwon’s “misleading statements to customers” triggered a catastrophic chain reaction across digital markets.

The implosion of TerraUSD and $LUNA didn’t just wipe out billions it destabilized the broader ecosystem and contributed to the downfall of major industry players.

🌐 Prosecutors: “The Scale Was Massive and the Consequences Devastating”

The filing emphasizes that Terraform’s collapse was “colossal in scope.”$LUNC

Billions in value evaporated within days, retail investors suffered heavy losses, and confidence in algorithmic stablecoins was shattered globally. $USTC

For prosecutors, this level of systemic destruction justifies their recommended 12-year sentence, arguing that accountability must match the damage done.

⚖️ Kwon’s Defense: “He Has Already Suffered Substantially”

Kwon’s legal team presented a sharply different narrative.

They argue that Kwon has already paid a high personal price, noting:

nearly three years in detention,

conditions described as “brutal” in Montenegro,

and a significant deterioration in his physical and mental well-being.

His lawyers state that a five-year sentence would be “sufficient,” calling the prosecution’s 12-year recommendation “far greater than necessary.”

🔍 What Comes Next?

Kwon’s sentencing will determine much more than his personal fate.

It may set the tone for:

how aggressively the U.S. punishes large-scale crypto fraud,

how courts weigh global regulatory failures,

and whether remorse, cooperation, or time already served can meaningfully reduce penalties in high-profile crypto cases.

#LUNC #LUNA

Pessoal da terra labs tem capital para ressuscitar o repag da $USTC não fizeram até hoje por ganância.
concentraram o poder do token em monte de validadores de merda.
vou usar língua mais agressiva são uns filha da puta ...
#terraform
$LUNC $LUNA

#Terraform Do Kwon, co-founder of #Terraform Labs Pte., pleaded not guilty to U.S. fraud charges linked to the $40 billion collapse of the TerraUSD stablecoin.
Kwon entered his plea before U.S. Magistrate Judge Robert Lehrburger in Manhattan and agreed to remain in custody without bail. The 33-year-old former crypto executive faces nine criminal charges, including wire, securities, and commodities fraud.
The charges stem from allegations that Kwon misled investors about the Terra blockchain’s technology and adoption levels. His court appearance in New York concluded a prolonged legal battle between the U.S. and South Korea over extradition rights. Authorities in Montenegro arrested Kwon in March 2023 for attempting to travel using a falsified passport, triggering extradition requests from both nations.
Legal Drama Spanning Multiple Jurisdictions
Kwon made a U.S. court appearance upon his arrest in Montenegro alongside Terraform’s former chief financial officer, who was also arrested at the same time. Both individuals were apprehended for attempting to board a private jet bound for Dubai using fake documents. After their arrest, Montenegro sentenced them to four months for document forgery.
Meanwhile, New York and Seoul prosecutors filed charges related to Terraform’s collapse in 2022. The implosion of TerraUSD, an algorithmic stablecoin, and its companion token, LUNA, had devastating effects on the crypto market.
LUNA’s value plummeted from over $100 to nearly zero, causing significant investor losses. The downturn contributed to broader market instability.
Kwon’s extradition was finalized on December 28, 2024, when Montenegro’s Minister of Justice approved the U.S. request. Although South Korea sought custody of Kwon, Montenegro opted to send him to the U.S., citing its strong security partnership with the nation. Notably, Kwon had argued for extradition to South Korea.
#CryptoNews

Do Kwon wants to reduce his sentence 👩‍⚖️

🔥 The lawyers of co-founder #Terraform Labs Do Kwon are seeking to reduce the sentence to 5 years. He has already spent three years in prison and has a total of 12 to serve.

🔎 Kwon is the creator of the stablecoin $UST and the token $LUNA , the crash of which in 2022 resulted in a loss of $40 billion for investors and caused a collapse in the cryptocurrency market.

👉 The sentence in the USA is set to be announced on December 11. Meanwhile, he could still face up to 40 years in South Korea.

Do Kwon, co-founder of #Terraform Labs Pte., pleaded not guilty to U.S. fraud charges linked to the $40 billion collapse of the TerraUSD stablecoin. 
Kwon entered his plea before U.S. Magistrate Judge Robert Lehrburger in Manhattan and agreed to remain in custody without bail. The 33-year-old former crypto executive faces nine criminal charges, including wire, securities, and commodities fraud.
The charges stem from allegations that Kwon misled investors about the Terra blockchain’s technology and adoption levels. His court appearance in New York concluded a prolonged legal battle between the U.S. and South Korea over extradition rights. Authorities in Montenegro arrested Kwon in March 2023 for attempting to travel using a falsified passport, triggering extradition requests from both nations.

Legal Drama Spanning Multiple Jurisdictions

Kwon made a U.S. court appearance upon his arrest in Montenegro alongside Terraform’s former chief financial officer, who was also arrested at the same time. Both individuals were apprehended for attempting to board a private jet bound for Dubai using fake documents. After their arrest, Montenegro sentenced them to four months for document forgery.
Meanwhile, New York and Seoul prosecutors filed charges related to Terraform’s collapse in 2022. The implosion of TerraUSD, an algorithmic stablecoin, and its companion token, LUNA, had devastating effects on the crypto market.
LUNA’s value plummeted from over $100 to nearly zero, causing significant investor losses. The downturn contributed to broader market instability.
Kwon’s extradition was finalized on December 28, 2024, when Montenegro’s Minister of Justice approved the U.S. request. Although South Korea sought custody of Kwon, Montenegro opted to send him to the U.S., citing its strong security partnership with the nation. Notably, Kwon had argued for extradition to South Korea.
#CryptoNews

The Terraform hashtag became a trending topic on CoinMarketCap.
Do Kwon's appearance in court in the US has become a major topic on the crypto agenda.
The LUNA and UST collapses had a major impact and those responsible have now been brought to court. These developments are trending on important sites.
Court proceedings will be important for $LUNC , $LUNA and $USTC.
#Terraform #CoinMarketCap #DoKwon #CryptoReboundStrategy $LUNC

#LUNC✈️ #BTC

IT WAS SUPPLIED BY BTC FROM THE SAME WAY. BITCON IS VALUABLE TODAY. 8/05/2024. ?

.
$$ $$ #terraform #terraclassic #LUNC

🚨💥➡️DO KWON EXPECTED TO PLEAD GUILTY IN $40B TERRAUSD COLLAPSE CASE

- Terraform Labs co-founder Do Kwon is expected to plead guilty Tuesday in Manhattan federal court to U.S. fraud charges over the 2022 TerraUSD collapse that erased $40B in value, court records show.

- According to Reuters, Judge Paul Engelmayer scheduled a change-of-plea hearing for 10:30 a.m. EDT and ordered Kwon to detail how he broke the law.

- The 33-year-old had pleaded not guilty in January after a yearlong extradition battle between the U.S. and South Korea.

- TerraUSD, an algorithmic stablecoin tied to sister token Luna, lost its $1 peg in May 2022, triggering a market crash that also helped topple FTX.

- Kwon was arrested in Montenegro in March 2023 while using fake passports.

- In April, a U.S. jury found Kwon and Terraform misled investors and falsely claimed Korean payments app Chai used its blockchain. They agreed to a $4.47B civil settlement and to wind down operations.

- Kwon faces a nine-count criminal indictment, including securities fraud, commodities fraud, wire fraud, and money laundering conspiracy.

- A guilty plea could resolve U.S. proceedings and impact his separate prosecution in South Korea.

- If accepted, it would mark one of the highest-profile guilty pleas in crypto history, setting precedent for cross-border fraud enforcement.

Image: Bloomberg

#DoKwon #terraform

$LUNA