Do Kwon’s Extradition Appeal Rejected: What’s Next?
Montenegro’s Constitutional Court has rejected Do Kwon’s appeal against his extradition, paving the way for his transfer to either the US or South Korea. Here’s what you need to know:

Key Points:
1. Appeal Rejected:
The court unanimously dismissed Kwon’s appeal, citing legal flaws.
This upholds a previous ruling supporting extradition.
2. Extradition Likely to the US:
The final decision rests with Montenegro’s justice minister.
Reports suggest the US is the favored destination, reflecting the ministry’s position.
3. Terraform’s $40 Billion Collapse:
In May 2022, the crash of #TerraUSD and Luna coins wiped out $40 billion.
It sparked the infamous 2022 "crypto winter," exposing flaws in platforms like #FTX and Celsius.
4. Global Ripple Effect:
Kwon’s arrest in 2023 with a fake passport highlights rising cross-border action on crypto crimes.
The case could set a global precedent for regulation.
Financial Fallout & Political Ties
Terraform Labs settled with the SEC for $4.47 billion in June 2024, with Kwon personally fined over $200 million.
Allegations of Kwon’s political connections in Montenegro, particularly support for the Europe Now party, have stirred controversy.
What’s Next?
The decision now lies with Montenegro’s justice minister. Whether extradited to the US or South Korea, Kwon’s case underscores the growing demand for accountability in crypto.
$LUNA
My Insights
If you were an investor in the previous Bull Run cycle you already know what I'm talking about, but for new Investors and Traders, be a little cautious of projects like these and people behind them.
For example: The Indian Crypto Exchange WazirX, I did warn a few about the cold relationship of Binance with Wazirx and made sure the ones who listened either swap them for other tokens like #BasicAttentionToken . And exactly after a very few weeks Binance announcement of delisting WRX Token happened.
#LUNAUpdate
How do you think this case will impact crypto regulations? Let’s discuss! Also let me know if you need a content about which solid projects to keep an eye on before it's too late.

The $LUNA collapse of May 2022 was one of the darkest moments in crypto history. Billions vanished overnight, and countless investors were left devastated. But in the chaos, one trader—known as NoNzee—saw an opportunity to make a mind-blowing profit. This is the story of how a calculated risk turned $1,000 into $1 billion.

🌪️ What Went Wrong with $LUNA?
Terra’s $LUNA was a major player in the crypto world, closely tied to its algorithmic stablecoin, UST. When UST lost its 1:1 peg to the US dollar, panic set in. In a matter of days, $LUNA plummeted from over $100 to less than a penny. The market was in freefall.

😱 Investors were panic-selling. Billions were wiped out. But for NoNzee, this extreme volatility was a once-in-a-lifetime chance.

💡 NoNzee’s Strategy: Turning Panic into Profit

1️⃣ Buying at the Bottom:
While others sold in fear, NoNzee bought millions of $LUNA tokens when they were worth fractions of a cent. The risk was massive, but so was the potential reward.

2️⃣ Leveraging the Chaos:
NoNzee didn’t just buy low—he used high-leverage futures trading to amplify his gains. This move was incredibly risky. One wrong call, and his entire investment could have been liquidated.

3️⃣ Exploiting Volatility:
The market was swinging wildly. NoNzee timed his trades perfectly, selling during brief rebounds, then reinvesting his profits into new positions. Each win compounded his gains until his $1,000 grew to $1 billion.

⚠️ The High Stakes of Trading
NoNzee’s success wasn’t just about skill. It took nerves of steel and a willingness to risk everything. For every trader like NoNzee, thousands lost everything in the $LUNA collapse.

🔑 Lessons for Crypto Traders:

High Risk, High Reward: Extreme gains come with extreme risk.

Timing is Everything: Knowing when to buy—and sell—is critical.

Never Invest More Than You Can Afford to Lose: Crypto markets are unpredictable, and fortunes can vanish just as quickly as they appear.

📊 Aftermath of the $LUNA Collapse
The $LUNA disaster led to stricter regulations and a loss of trust in algorithmic stablecoins. NoNzee’s story is a reminder that while crypto can offer incredible opportunities, it’s also a wild and dangerous ride.

NoNzee may have made $1 billion, but at what cost? His profit came from the chaos and losses of thousands of others. It’s a story of risk, reward, and the fine line between fortune and ruin.

🌐 The Crypto Market Is a Battlefield—will you be ready for the next opportunity?

#LUNA #HighRiskHighReward #LUNAUpdate #LUNA.智能策略库🥇🥇 #tradingStrategy

$40 billion in losses

𝐁𝐨𝐨𝐤𝐦𝐚𝐫𝐤 or share it so you can easily come back to it later.

Also, don't forget to follow me @Crypto PM

The Terra network, founded by Do Kwon and Daniel Shin, initially aimed to revolutionize payments with its blockchain and stablecoin ecosystem.

By 2022, Terra's tokens LUNA and UST had become household names in crypto, drawing significant investor interest.

TerraUSD (UST) was an algorithmic stablecoin designed to maintain a $1 peg, backed by LUNA tokens.

Unlike traditional stablecoins, UST relied on complex algorithms and market incentives rather than tangible assets.

The system's backbone was the Anchor Protocol, which promised up to 20% annual yield on UST deposits.

This high yield attracted vast amounts of UST, making up 75% of its total supply, but also raised sustainability concerns.

In early May 2022, over $2 billion worth of UST was unstaked and rapidly liquidated.

This massive sell-off caused UST to lose its peg, dropping to $0.91, triggering a wave of panic selling and further destabilization.

The depegging led to an oversupply of LUNA as traders converted their devalued UST, causing LUNA's price to plummet.

The collapse wiped out approximately $60 billion from the crypto market.

Prominent firms like Voyager, Celsius, and Three Arrows Capital faced severe repercussions, leading to bankruptcies and forced liquidations.

TerraUSD (UST) was an algorithmic stablecoin designed to maintain a $1 peg, backed by LUNA tokens.

Unlike traditional stablecoins, UST relied on complex algorithms and market incentives rather than tangible assets.

1:00The system's backbone was the Anchor Protocol, which promised up to 20% annual yield on UST deposits.

This high yield attracted vast amounts of UST, making up 75% of its total supply, but also raised sustainability concerns.

In early May 2022, over $2 billion worth of UST was unstaked and rapidly liquidated.

This massive sell-off caused UST to lose its peg, dropping to $0.91, triggering a wave of panic selling and further destabilization.

The depegging led to an oversupply of LUNA as traders converted their devalued UST, causing LUNA's price to plummet.

Major crypto exchanges delisted LUNA and UST, and the Terra blockchain was temporarily halted.

1:56The collapse wiped out approximately $60 billion from the crypto market.

Prominent firms like Voyager, Celsius, and Three Arrows Capital faced severe repercussions, leading to bankruptcies and forced liquidations.

In the aftermath, Terra's Luna Foundation Guard deployed billions in Bitcoin reserves in an attempt to stabilize UST, but the effort failed.

Do Kwon's recovery plans, including launching Terra 2.0, did little to restore confidence.

In the aftermath, Terra's Luna Foundation Guard deployed billions in Bitcoin reserves in an attempt to stabilize UST, but the effort failed.

Do Kwon's recovery plans, including launching Terra 2.0, did little to restore confidence.

Do Kwon frequently misled people about the stability of Terra's tokens.

Before the crash, he even accepted a $1M bet that Luna wouldn't fall and wagered that UST would not lose its peg to the dollar.

On September 15, 2022, South Korean authorities issued an arrest warrant for Do Kwon, accusing him of fraud and illegal fundraising.

Kwon allegedly transferred 40,000 BTC to secret wallets, further tarnishing his reputation.

In March 2023, Do Kwon was arrested in Montenegro while attempting to board a flight to Dubai with falsified documents. He was sentenced to four months in prison for document forgery.

South Korea and the United States are seeking his extradition to face charges.

The LUNA-UST crash serves as a critical lesson in the risks associated with algorithmic stablecoins and high-yield promises.

It underscores the importance of transparency, proper risk management, and regulatory oversight in the crypto industry

Thank you for your attention! THAT'S IT FOR TODAY. ALWAYS REMEMBER, ANYTHING CAN HAPPEN IN CRYPTO..

#TerraLabs #LUNAUpdate #cryptopm #Reminder #Bitcoin_Coneference_2024

🔥 Gigantic-Cassocked-Rebirth (GCR) is the name that’s echoing in the halls of crypto legends. This mastermind didn’t just ride the wave of the market — he bent it to his will.
📉 The Ultimate Short Trade: GCR made history when he shorted $LUNA while everyone else was buying. As LUNA collapsed, GCR cashed out a $1 billion profit. Not only did he predict the crash, but he also managed to hedge his position with absolute finesse. What was his secret? Risk management, data analysis, and insane levels of dedication. His strategy? Take the big risks, but control the downside.
⏰ Unstoppable Work Ethic: While most of us are slacking off, GCR is grinding with over 120 hours of trading a week — no breaks for nearly 3.5 years. But can this insane level of hustle be sustained? Probably not. But for now, it’s paid off big time.
🚀 The Memecoin King: In 2021, when everyone was laughing at memecoins, GCR was making bold calls. His 20 ETH bet on SHIB? It turned into a $40 million payday. His belief in memes as a viable asset class wasn’t just luck — it was insight. He saw what others didn’t.
🇺🇸 Trump and Kamala Bets: GCR wasn’t just playing in the crypto game. He placed massive wagers on political events, turning heads with his Trump 2024 bets. Even after tragedy struck Trump, GCR pivoted fast — Kamala Harris was the next frontrunner, and GCR made sure his bets were aligned with the shifting political winds.
💥 The $10 Million LUNA Bet: It all came down to the biggest gamble of all. GCR challenged Do Kwon to a $10 million bet, then leveraged FTX derivatives to short $10 million in LUNA. He saw the writing on the wall — and when the LUNA crash happened, GCR made a $2.3 million profit in just two months. His risk mitigation strategy? He hedged his $20 million position for less than a dollar.
🔮 2024 & Beyond: In his final tweet of 2023, GCR made a bold prediction: "Money printing won’t stop. Eventually, holders will outperform traders." He also dropped this bombshell: "ETH at 10k is one day programmed."
GCR’s success isn’t just about luck — it’s about being ahead of the curve. Will his bold forecasts come true? Time will tell, but one thing’s for certain: this man is a force to be reckoned with.
💥 The Ultimate Question: What’s next for GCR? Can he keep up this insane run? Or has his relentless grind reached its peak? Only time will tell.
🔥 One thing’s for sure: GCR is a name you’ll never forget.
#TradingLegend #LUNAUpdate #bitcoin☀️ #ETHETFsApproved #shiba⚡