Do Kwon Appears Before Judge After Extradition to the US! How Did He Respond to Accusations? Here Are the Details.
Do Kwon, the South Korean entrepreneur behind the disastrous collapse of cryptocurrencies TerraUSD and Luna, pleaded not guilty to fraud charges in the United States on Thursday following his extradition from Montenegro.
Do Kwon Pleads Not Guilty to US Fraud Charges in $40 Billion Crypto Crash.
Kwon, co-founder of Singapore-based Terraform Labs, faces a nine-count indictment in Manhattan federal court that includes charges of securities fraud, wire fraud, commodities fraud and conspiracy to commit money laundering.
Prosecutors allege that Kwon, 33, orchestrated a series of scams that led to an estimated $40 billion in losses through 2022 and destabilized the broader cryptocurrency market.
At the hearing, Kwon appeared in court wearing an olive green shirt and black sweatpants. His attorney, Andrew Chesley, entered a not guilty plea on Kwon's behalf. U.S. Magistrate Judge Robert Lehrburger ruled that Kwon remain in custody because Chesley did not seek bail.
Kwon is expected to return to court on Jan. 8, 2025. He left the courtroom with a copy of the 79-page indictment in hand.
The indictment accuses Kwon of misleading investors about the stability of TerraUSD, a stablecoin pegged to the US dollar.
Prosecutors allege that in May 2021, Kwon falsely stated that a computer algorithm, the "Terra Protocol," restored TerraUSD's $1 peg after it fell below the threshold.
In reality, Kwon allegedly arranged for a high-frequency trading firm to purchase millions of dollars worth of TerraUSD, artificially inflating its price.
Prosecutors say the scam led to significant investment in Terraform Labs products and boosted the value of Luna, TerraUSD's companion token, to $50 billion by early 2022.
"Much of this growth occurred following Kwon's brazen deceptions about Terraform and its technology,” the indictment states.
🚨 Important Airdrop Update 🚨
Season 1 of the XENEA Wallet airdrop has officially ended, and we’ve now entered Season 2 farming mode!
Here’s what you need to know:
Daily Quiz, Daily Claim, and Mining (Boost) will resume on 3rd January.
Stay proactive and maximize your rewards!
Why You Shouldn't Miss Out:
Remember the Trust Wallet airdrop? It made participants thousands of dollars. 🤑
Think about the BitKeep Wallet airdrop (now Bitget Wallet $BWB): One lucky participant earned over $30,000. 🤑
XENEA airdrop is still underfarmed, meaning there's huge potential left! Don’t miss this opportunity.
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2. Use this Invite Code to register: 1674NpcmGu.
3. Claim points daily – these points determine your airdrop rewards.
Key Highlights:
Mining works automatically, similar to the ICE Network. No tapping or restarting needed!
This is your chance to position yourself for significant gains.
🚀 Bullish vibes only! Stay ready! 🚀
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Invite Code: 1674NpcmGu
Act now and stay ahead of the curve!
Lại đến ngày kỷ niệm Genesis block (block đầu tiên) của Bitcoin - ngày 3 tháng 1, 2009.
Hầu hết các bạn đều biết, Satoshi đã để lại một thông điệp trên khối đầu tiên:
“Thủ tướng 🇬🇧 đứng ngay bờ vực cứu trợ ngân hàng lần thứ hai.”
Không phải ngẫu nhiên mà Satoshi chọn những lời này. Đó là một tuyên ngôn mạnh mẽ về lý do Bitcoin được tạo ra—một câu trả lời cho sự đổ vỡ của niềm tin vào hệ thống tài chính truyền thống.
Thông điệp này được trích từ tờ The Times ngày 3 tháng 1, 2009. Nhưng có một chi tiết ít ai để ý—cũng trong ngày hôm đó, cùng một trang báo, còn một dòng tin khác:
“Israel chuẩn bị gửi xe tăng và binh lính vào Gaza.”
Và khi nhìn lại, chúng ta không khỏi rùng mình—Mười mấy năm trôi qua… thế giới đã thay đổi rất nhiều, nhưng có thật là nó đã thay đổi?
• Chiến tranh vẫn tiếp diễn, mang theo đau thương và mất mát.
• Ngân hàng vẫn sụp đổ, để lại những mảnh vỡ của niềm tin.
• Lạm phát vẫn âm thầm gặm nhấm giá trị của đồng tiền.
• Và cứ vài năm, bóng ma của một cuộc khủng hoảng tài chính mới lại hiện về.
Bitcoin không chỉ là một công nghệ. Nó là biểu tượng cho sự phản kháng—một lời nhắc nhở rằng chúng ta cần một lối thoát, một sự lựa chọn mới.
RWA PARIS - SPEAKER ANNOUNCEMENT
Giorgio Zinetti (@giozzi), CTO at @Cardano_CF, will be speaking at RWA Paris.
1 venue - 1 ticket - 4 events - 20,000+ attendees.
Feb. 13th-14th 2025, Grande Halle de la Villette : XYZ (GenAI, DePin), NFT (Web3), RWA (Web3 x Finance), Ordinals Paris (Bitcoin).
Bitcoin Surges Past $97,000 as Crypto Market Gains Momentum
Bitcoin extended its rally on Friday, briefly surpassing the $97,000 mark, edging closer to the critical $100,000 resistance level that has held strong for the past two weeks. By 11:49 am IST, the leading cryptocurrency was trading at $96,777, marking a 1.5% gain, with an intraday high of $97,739. Ethereum followed suit, rising by 1.6% to trade at $3,452.
Market sentiment remains optimistic, as reflected in the rising Fear-Greed Index, signaling a growing appetite for risk among investors. "Bitcoin continues its upward momentum, trading near the $97,000 mark, with other major altcoins like Ethereum, Solana, and Stellar following suit," said Edul Patel. With strong performances from altcoins such as XRP and Cardano, which surged by up to 11%, the cryptocurrency market appears poised for further growth as it heads into 2025.
4o
Ripple CEO Expresses Optimism for 2025 Amid Momentum and Milestones
Ripple's CEO, Brad Garlinghouse, has expressed his excitement for 2025, emphasizing the company's growing momentum and focus on real-world utility. In a social media post, he stated, "Excited for the year ahead! Momentum and increased focus on real-world utility continues to build." This optimism follows a transformative year for Ripple in 2024, despite its ongoing legal challenges with the SEC. The company achieved significant milestones, including acquiring Standard Custody for a U.S. charter, venturing into the stablecoin market, and celebrating the resignation of SEC Chair Gary Gensler, a figure often regarded as an obstacle to the crypto industry.
Ripple-affiliated XRP token also made waves in 2024, with its market cap surpassing that of Tether (USDT) after a substantial rally. The token's market capitalization hit $137 billion after a strong start to 2025, further fueled by the launch of Ripple's RLUSD stablecoin in December. With potential catalysts like the approval of spot ETFs and a more favorable regulatory climate, Ripple and XRP are poised for continued growth in 2025. Garlinghouse’s optimism reflects Ripple's strengthened position in the crypto space, highlighting its commitment to innovation and utility.
💴💶 SOMEBODY BREWING WITH ALGO? 💶💴
Check out the current demand/big positions accumulation within the last days, resulting in price action as well.
Do we have to expect a bullish breakout above last high? Indicators fine, bags loaded, waiting for gains. If it surpasses, we’re going for another 50% probably…
But firstly - Let’s digest the 40% correction (we’re nearly there 🎉)
If I wouldn’t have entered during the correction being bullish anyway, my approach would be to wait for a verifying candle above December’s highest high.
Goooooooo Algoooooooo!
No financial advice. DYOR $ALGO #BinanceSquareFamily
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🚨THIS WHALE LOSE 1.4 MILLION IN 15 MINUTES 🚨
A guy had $1.4 million in MooDeng, swapped it for Hawk meme coin, and watched it drop to zero in minutes. This wasn’t just a result of a cruel market; he was playing a game designed for him to lose. That’s what pump.fun represents: a playground for predators where most people are the prey.
Let me break it down:
60% of people lose everything—not just some of it, but all of it.
24% make less than $100, which wouldn’t even cover the emotional damage they incur.
Only 0.5% hit $10,000, and while they think they’ve made it, they often end up back where they started.
This isn’t trading; it’s a blood sport where you serve as the entertainment, and someone else is cashing in. Your losses fund their wins. The worst part? You keep coming back, hoping this time will be different. Spoiler alert: it won’t.
If you’re tired of being the punchline, here’s what you should do: buy legitimate coins from reputable exchanges. Stop chasing someone else’s hype. Start investing in tokens that have a real use case, taking control of your financial situation. Never invest all your money in one coin, no matter how bullish the market seems.
#BIOOnBinance
#MOODENG #HAWK
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$BIO /USDT READY TO TEST $1.50 NEXT
$BIO is currently trading at $0.8992, marking a massive surge of 2897.33%. The price skyrocketed from a low of $0.0300 to a high of $1.4770 in just one session. The key resistance level at $1.00 serves as the gateway to the next target of $1.50. Meanwhile, support at $0.4880 is critical to maintain this extraordinary momentum.
Key Levels:
Resistance: $1.00 – Breaking this level could lead to further gains toward $1.50.
Support: $0.4880 – Holding above this level is essential to sustain the bullish rally.
Market Insight:
The current surge is backed by extraordinary trading volume, indicating strong buying interest. If $BIO clears the $1.00 resistance, the next leg up could push the price into uncharted territory. However, failure to hold above $0.4880 may trigger a pullback.
Stay vigilant and manage risk as volatility remains high!
#Write2Earn! #BIO
Market Update Key Insights on $PENGU , $USUAL , and $VANA
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1. #PENGU : Testing Support Levels
Current Price: $0.03538
Market Movement: Down by 4.74%.
PENGU is under selling pressure, with a consistent decline in the last few hours. The next support level is critical to monitor for a potential bounce. Resistance remains at $0.038, which could signal a reversal if broken.
2. #USUAL : Bearish Trend Continues
Current Price: $0.9171
Market Movement: Down by 10.35%.
USUAL is experiencing a notable drop, approaching a key support zone at $0.9000. Failure to hold this level may lead to further decline. Bulls need to reclaim $0.9500 for any hope of recovery.
3. #VANA : Minimal Volatility
Current Price: $16.69
Market Movement: Down by 0.35%.
VANA remains relatively stable compared to others. Resistance at $17.20 is a crucial level to watch for potential upside momentum. Support is holding firmly at $16.50.
Pro Tip:
Stay alert for volume surges as they often indicate trend reversals. Use tight stop-losses and take profits on minor rallies in this volatile market.
#Binance250Million #BinanceAlphaAlert
💥 Canada’s Crypto Industry Pushes for Greater Political Engagement! 💥🇨🇦
Canada’s booming crypto sector is making waves, seeking more attention from politicians and lawmakers to pave the way for a clearer, more supportive regulatory framework. 🪙🚀
The industry, with its innovative startups and passionate advocates, wants to ensure that Canada remains a global leader in blockchain technology and digital currencies. 💡🌍 But to achieve this, they need strong political support, clear rules, and the removal of unnecessary barriers that could stunt growth. 🚧📈
Key players in the space are calling for more proactive discussions with government officials and regulatory bodies to foster a collaborative environment. 🤝👨💼👩💼 With global competition intensifying, Canada needs to ensure its crypto policies keep pace with the rapid changes in the market. 🔄⚖️
As the digital economy continues to grow, the industry argues that Canada can become a hub for innovation, attracting investment, creating jobs, and benefiting from blockchain's transformative potential. 💼💸
📢 The call to action is clear: legislators must act fast, engage with the industry, and design policies that encourage growth while keeping consumer protection top of mind. 🛡️🔐
The future of crypto in Canada is bright, but political engagement is key to unlocking its full potential. 🌟
#CanadaCrypto #BlockchainRevolution #Binance250Million #BTCRebounds95K