💥 \$LUNA

LUNA

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Terra crashes… and Do Kwon confesses! Is the nightmare finally closing?

After one of crypto’s most destructive meltdowns, the Terra saga reaches a dramatic conclusion.

The creator of the project, Do Kwon, has now confessed to fraud in a U.S. courtroom, after wiping out more than \$40 billion through the downfall of \$LUNA and \$USTC back in 2022.

⚖️ Key update:

The confession followed over a year of legal proceedings, with Kwon accepting to pay \$19 million in penalties… while now facing a sentence that could stretch to 12 years in prison.

📉 Market impact:

This isn’t only the closure of a fraud scandal, but the start of a worldwide debate on stablecoin oversight and confidence in DeFi ventures. Traders are reacting, and concerns around “false promise” tokens are growing.

🔍 Core takeaway:

Never hand over capital blindly. Trust and openness are no longer optional—they are essential.

📢 Stay tuned for deeper crypto insights on the channel

\#CryptoEmad

USTCUSDT

Perp

0.0135

-1.53%

LUNA

0.1548

-1.71%

\#TerraCollapse #CryptoScandal #LUNA #DeFiCrisis