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The LUNC price went parabolic today, Dec. 5, reaching its highest level since Nov. 3, even as the crypto market pulled back. Summary LUNC price soared by over 40% on Friday as the crypto market dipped. Do Kwon will be sentenced in the United States next week. LUNC’s burn rate has jumped by 849 million … Read more
Key Takeaways Kwon states that a sentence above 5 years is excessive given his nearly 3 years in detention and financial penalties already agreed. He still faces a separate case in South Korea where prosecutors are pursuing a 40 year sentence. Share this article Terraform Labs co founder Do Kwon maintains that any prison term … Read more
In crypto news, markets are singing over the fact that former Binance chief Changpeng Zhao (CZ) received a crypto pardon, a decision following Arthur Hayes’ earlier reprieve, all while the Bitcoin price surges past $111,500 today. The timing brought questions as to whether Trump’s recent moves are part of a larger effort to lift the … Read more
From Gemini’s bid to go public and Do Kwon’s guilty plea, to OKX erasing $26 billion worth of tokens and Hong Kong tightening custody standards, the crypto industry is seeing both bold moves and sobering reminders of risk. Add in suspicious transfers in Turkey, new rules from Google, and major shifts in crypto policy and … Read more
Terraform Labs Pte. co-founder Do Kwon pleaded guilty to charges in a US fraud prosecution tied to the $40 billion collapse of the TerraUSD stablecoin in 2022. Kwon pleaded guilty to conspiracy and wire fraud under an agreement with prosecutors at a hearing in New York on Tuesday. The 33-year-old, dressed in a yellow prison … Read more
Key Takeaways Do Kwon pleaded guilty to two counts of wire fraud and conspiracy to defraud in the US District Court for the Southern District of New York. He faces up to 25 years in prison, with prosecutors recommending 12 years if he complies with his plea agreement. Share this article Kwon Do-Hyung, known publicly … Read more
Key Takeaways Do Kwon may change his plea in the US criminal case tied to TerraUSD’s 2022 collapse. The hearing follows nine felony charges including fraud, market manipulation, and money laundering conspiracy. Share this article The US District Court for the Southern District of New York will hold a Tuesday conference that could result in … Read more
24h Volume $17,705,706,941 Market Cap $1,867,467,940,720 24h Low/High $93,728.00 / $95,244.00
Key Takeaways Do Kwon pleaded not guilty to US fraud charges related to TerraUSD and Luna collapse. Kwon faces accusations of misleading investors about the stability of TerraUSD and its functionality. Share this article Do Kwon entered a not guilty plea to multiple fraud charges in Manhattan federal court following his extradition from Montenegro to … Read more
He had been on the run for months, fleeing South Korea and later Singapore, before his company went bankrupt in 2022. Read More
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