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Justice for Terra-Luna? Do Kwon’s Jan 8, 2025, Trial Brings 130-Year Stakes Do Kwon faces 8 criminal charges in the US for the Terra-Luna collapse and fraud. The Terra-Luna crash caused $40B in losses, leading to Terraform Labs’ bankruptcy. Kwon could face up to 130 years in prison if convicted of all charges. Do Kwon, the co-founder of Terraform Labs, faces multiple criminal charges in the United States, including conspiracy to commit fraud and market manipulation. These charges stem from the May 2022 collapse of the Terra-Luna stablecoin. Prosecutors from the Southern District of New York have charged Kwon with eight criminal offenses. They accuse him of defrauding investors and misleading them about the capabilities of the Terra blockchain and its stablecoin protocol. Kwon’s return from Montenegro to the United States has brought renewed attention to the case, which could significantly impact the crypto industry. The Collapse of Terra-Luna and Investor Losses The Terra-Luna collapse sent shockwaves through the crypto market, leading to over $40 billion in investor losses globally. Prosecutors claim Kwon’s actions contributed to this failure. They allege he made false statements about the stability and functionality of Terra’…
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MEMECOINS: $PEPE has become the 20th largest cryptocurrency by market cap, while $BONK has secured the #50 spot. #Binance250Million
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💎ELONMUSK🛄 🚀 Elon Musk: The Meme King Strikes Again 🐸💸 First, he sent Kekius Maximus skyrocketing by 1200% 🎇, then turned his attention to CumRocket, pumping it 400% 🚀 with a single tweet featuring a frog meme. Clearly, Musk's Twitter/X account is now the most volatile "crypto exchange." As quickly as the rockets launched, they fizzled—both tokens crashed back to Earth within hours. 🌍💥 When Elon tweets, the crypto world watches, but profits might vanish faster than your notifications during a pump. 🔋🤷♂️
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