DoKwon

The return of Do Kwon, Terraform Labs CEO, to South Korea on March 24th marks a potential turning point for LUNC. Here's how it could trigger a positive future:
Clearer Picture, Stronger Trust: Kwon's presence could expedite investigations and bring clarity to the UST de-pegging incident. This transparency can rebuild trust and strengthen the LUNC community.
Potential LUNC Revival Fund: Reports suggest Kwon might allocate funds for LUNC's recovery. This potential financial injection could significantly benefit the LUNC ecosystem.
Community Collaboration Reignited: Kwon's return could reignite discussions and development efforts within the LUNC community, leading to positive advancements for LUNC.
Market Attention and Investor Interest: News surrounding Kwon's return and potential involvement in LUNC's recovery is generating buzz, potentially attracting new investors and driving up the LUNC price.
Disclaimer: This information is for educational purposes only and should not be considered financial advice. Always do your own research before making any investment decisions.
#dokwon #lunc #USTC #Lunc

Năm mới mang đến khởi đầu mới cho nhiều người, nhưng với một số cá nhân từng là tâm điểm của ngành tiền điện tử, đây lại là thời điểm để họ đối diện với hậu quả từ những hành vi sai trái. Dưới đây là danh sách một số nhân vật nổi bật trong lĩnh vực tiền điện tử đang thụ án tù:

1. Sam Bankman-Fried (SBF)
Tội danh: Gian lận, âm mưu và rửa tiền.Án phạt: 25 năm tù.Vị trí giam giữ: Trung tâm giam giữ Metropolitan, Brooklyn, New York.Thông tin thêm: Là cựu CEO của sàn giao dịch FTX, SBF đã trở thành biểu tượng của sự sụp đổ khi FTX phá sản, khiến hàng tỷ USD của nhà đầu tư biến mất.
2. Caroline Ellison
Tội danh: Gian lận liên quan đến sự sụp đổ của FTX.Án phạt: 2 năm tù.Vị trí giam giữ: Cơ quan Cải huấn Liên bang tại Danbury, Connecticut.Thông tin thêm: Ellison, cựu CEO của Alameda Research và bạn gái cũ của SBF, đóng vai trò trung tâm trong việc thao túng tài chính giữa Alameda và FTX.
3. Ryan Salame
Tội danh: Gian lận liên quan đến hoạt động của FTX Digital Markets.Án phạt: 7,5 năm tù.Vị trí giam giữ: Cơ quan Cải huấn Liên bang tại Cumberland, Maryland.Thông tin thêm: Salame là Cựu đồng CEO của FTX Digital Markets bị buộc tội chuyển tiền bất hợp pháp từ tài khoản khách hàng sang các khoản đầu tư cá nhân.
4. Alexey Pertsev
Tội danh: Rửa tiền.Án phạt: Hơn 5 năm tù (đang kháng cáo).Vị trí giam giữ: Chưa công bố cụ thể.Thông tin thêm: Là đồng sáng lập của Tornado Cash, Pertsev bị cáo buộc liên quan đến các giao dịch tiền điện tử ẩn danh được sử dụng để rửa tiền.
5. David Carmona
Tội danh: Điều hành chương trình Ponzi tiền điện tử IcomTech.Án phạt: 10 năm tù.Vị trí giam giữ: Cơ quan Cải huấn Liên bang tại Ashland, Kentucky.Thông tin thêm: Carmona lừa đảo nhà đầu tư bằng lời hứa lợi nhuận không tưởng, trong khi thực chất chỉ sử dụng tiền mới để trả cho các nhà đầu tư cũ.
6. Do Kwon
Tội danh: Gian lận chứng khoán, rửa tiền, thao túng thị trường, và gian lận chuyển tiền.Vị trí giam giữ: Chưa công bố chính thức.Thông tin thêm: Đồng sáng lập Terraform Labs, Kwon bị cáo buộc duy trì giả tạo giá trị của TerraUSD (UST) và Luna, dẫn đến vụ sụp đổ trị giá hàng chục tỷ USD, gây ảnh hưởng nghiêm trọng đến thị trường tiền điện tử toàn cầu.Danh sách trên là lời nhắc nhở mạnh mẽ về những hậu quả pháp lý nghiêm trọng khi lạm dụng công nghệ và niềm tin của cộng đồng. Dù ngành công nghiệp tiền điện tử vẫn tiếp tục phát triển, việc minh bạch và tuân thủ pháp luật là điều kiện tiên quyết để đảm bảo tương lai bền vững.#DoKwon #sambankman #TornadoCash.

Nếu bạn thấy thông tin này hữu ích và muốn theo dõi thêm những cập nhật mới nhất về thị trường tiền điện tử, đừng quên like, comment và follow chúng tôi để không bỏ lỡ bất kỳ tin tức quan trọng nào nhé!

The Terra ecosystem collapse in 2022 didn't make as many headlines as #Ftx❓ , but the total number of victims could exceed 1 million, according to new court documents.

The documents filed this week allege that the number of victims of disgraced crypto mogul, Terraform Labs founder #DoKwon , is “difficult to precisely quantify.”

Kwon last week pleaded not guilty in a New York court to U.S. criminal charges including fraud over the collapse of the Terra crypto ecosystem. His crypto project went up in smoke in 2022, leaving a $40 billion black hole and many investors out of pocket.

“Given the number of potential victims in this case, the government respectfully submits that it is impracticable to give individualized notice to each potential victim,” a Monday court document read.

It added that the government believes that the number of victims “exceeds hundreds of thousands of individuals and entities, and potentially totals more than 1 million.”

Kwon founded the crypto ecosystem Terra, which had the flagship $LUNA
token and TerraUSD (UST) algorithmic stablecoin as its main products. Investors used it as a gateway into the world of decentralized finance, or DeFi, and LUNA quickly became one of the most valuable crypto coins on the market.

But the UST stablecoin couldn’t keep its stable peg to the U.S. dollar, and the entire ecosystem collapsed, wiping its market cap out very quickly.

Authorities now allege that Kwon conned investors into a sham project to enrich himself. Feds in both the U.S. and Korea have hit him with criminal charges. In the U.S., Kwon is facing nine criminal charges, including securities, wire, and commodities fraud, plus conspiracy to commit money laundering.

“Behind the scenes, core Terraform products did not work as Kwon advertised, and were manipulated to create the illusion of a functioning and decentralized financial system in order to lure investors,” the Monday document read.

Terra collapsed ahead of FTX’s own bankruptcy in 2022. FTX, once a huge crypto brand that allowed users to buy and sell digital coins and tokens, quickly collapsed due to criminal mismanagement.

Following a much-publicized criminal trial, co-founder Sam Bankman-Fried is now serving a 25-year sentence for his part in the collapse of his crypto company. His attorneys have appealed the judgment, claiming an unfair trial.
#ReboundOutlook

April 10, 2025 – A pivotal day looms for the Terra Classic ($LUNC ) and TerraClassicUSD ($USTC ) communities, as Terraform Labs co-founder Do Kwon is scheduled to appear at a U.S. court hearing that could significantly influence the ongoing legal proceedings surrounding the 2022 collapse of the Terra ecosystem. The outcome of this hearing may not only determine the trajectory of Kwon’s legal case but also have lasting implications for the future of the Terra Classic network.

Legal Developments: Proceedings Under Scrutiny

The U.S. District Court in New York had previously postponed Kwon’s hearing at the request of federal prosecutors. However, recent reports suggest that further delays may be imminent, as authorities are actively gathering new evidence, potentially affecting the timeline and scope of the trial.

Investor Compensation: $442 Million Relief Fund in Motion

In a parallel development, Terraform Labs continues to address investor losses stemming from the 2022 LUNA and UST collapse. The company has allocated up to $442 million for compensation efforts.

To be eligible for compensation, claimants must provide proof of holding LUNA or UST during the time of the collapse. This is typically done by retrieving transaction histories from the platforms where the tokens were held. Notably, even users who received post-collapse LUNA airdrops qualify for the compensation, as they are considered affected parties.

The compensation program is open globally, without geographic or exchange-based restrictions.

Do Kwon’s Legal Status: Facing Fraud Charges

Kwon currently faces nine fraud-related charges in the United States, in connection with the estimated $60 billion collapse of the Terra ecosystem. He has pleaded not guilty, and his trial is scheduled to begin on January 26, 2026, with pretrial motions due by July 1, 2025.

Following his extradition from Montenegro in December 2023, Kwon remains in the U.S. as he prepares for trial.

Regulatory Climate: Crypto Policy and Political Influence

Amid the unfolding legal narrative, broader crypto regulation has re-entered the spotlight. Speculation has intensified following former President Donald Trump’s recent decision to pardon the three BitMEX co-founders—Arthur Hayes, Benjamin Delo, and Samuel Reed—previously convicted of money laundering.

This development is widely seen as a potential indication of a more favorable regulatory approach to cryptocurrency under a possible future Trump administration. Within this context, some industry observers suggest that, if cleared, Do Kwon could still play a significant role in shaping digital finance policy—particularly given his early vision for decentralized finance and algorithmic stablecoins.

Looking Ahead: A Path Toward Redemption?

As both legal and financial proceedings inch toward resolution, optimism is cautiously emerging within the Terra community. The resolution of ongoing lawsuits and the distribution of compensation could pave the way for a renewed chapter for the Terra Classic chain—one grounded in greater transparency, community trust, and regulatory alignment.

Hashtags:

Do Kwon, co-founder of Terraform Labs, has been released from prison in Montenegro while the extradition proceedings regarding his request to be extradited to the USA and South Korea are still ongoing, according to a report by Bloomberg citing officials from the prison system.
Doubts Surrounding Kwon's Extradition Decision:
His recent decision to be extradited to South Korea has been challenged by the top prosecutor of Montenegro. Recently, it has come to light that the highest prosecutor's office in Montenegro has transferred this case for review to the Supreme Court, citing irregularities.
Arrest of Do Kwon and the Collapse of the Terra Project:
Do Kwon was arrested in Montenegro in March 2023 when he was caught with a fake Costa Rican passport while attempting to travel to Dubai in the United Arab Emirates. Kwon was the architect of the failed crypto project TerraUSD stablecoin, which experienced a collapse along with LUNA, another token from the Terra project.
Extradition Decision and Investigation:
Both the USA and South Korea have requested Kwon's extradition, but the Minister of Justice of Montenegro favors extradition to South Korea. This decision has been contested by the top prosecutor of Montenegro. South Korean authorities are now actively seeking to prosecute Do Kwon for his alleged frauds and tax evasion.
Do Kwon has denied the accusations, claiming that the $40 billion collapse of the Terra ecosystem was a result of market forces and does not indicate any criminal activity.
#dokwon #terraformLabs

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

* Freshly extradited from Montenegro, Terraform Labs co-founder Do Kwon pleaded not guilty to U.S. criminal charges over Terra's collapse.
Alleged crypto crook Do Kwon pleaded pleaded not guilty in a New York court Thursday to U.S. criminal charges over the 2022 collapse of the Terra crypto ecosystem, following his extradition earlier this week from Montenegro.
Feds hit the 33-year-old disgraced tech entrepreneur with nine criminal counts, including securities fraud, wire fraud, commodities fraud, and conspiracy to commit money laundering. He agreed Thursday to be held without bail before U.S. Magistrate Judge Robert Lehrburger, Inner City Press reported.
Kwon founded Terra, a once-sizable crypto ecosystem with apps built around the LUNA token and the TerraUSD (UST) algorithmic stablecoin. The project was popular with investors, and rapidly grew to become the second-biggest blockchain in the sphere after Ethereum by early 2022.
[Do Kwon is flipping through the superseding indictment - then tutns to his second lawyer]
Judge: How do you plead?
Not guilty [through counsel Chesley who adds, We consent to detention without prejudice
Its native cryptocurrency, LUNA, was in its prime as one of the top digital assets by market cap. Kwon made a lot of money, very quickly, and even mocked "poor" people on X (formerly known as Twitter).
But Terra collapsed in May 2022, taking $40 billion of investors' money with it. The crash led to a brutal bear market, as many crypto projects with exposure to the project later declared bankruptcy.
The project's main product, the UST stablecoin, couldn't keep its stable peg to the dollar, resulting in the entire ecosystem collapsing and losing nearly all of its value in a matter of days.
Authorities in both the U.S. and South Korea now allege that the entrepreneur was a scammer who conned investors into buying his cryptocurrency.
Behind the scenes, core Terraform products did not work as Kwon advertised, and were manipulated to create the illusion of a functioning and decentralized financial system in order to lure investors," Thursday's indictment reads.
Kwon was arrested in Montenegro last year for allegedly attempting to travel on a fake passport. His lawyers kept him in the country until Tuesday, when he was finally extradited to the United States.
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