{"content":"✅ *Breaking News: Do Kwon Pleads Guilty in U.S. Court* 📌 *Main Highlights:* - 🧑‍⚖️ *Do Kwon*, founder of Terraform Labs, *pleaded guilty* to major fraud charges in the U.S. - 🚓 *Arrested* in Montenegro (March 2023) for fake passports. - ✈️ *Extradited* to the U.S. in late 2024. 📉 *The Charges:* - ⚖️ *Conspiracy to commit fraud* - ⚖️ *Wire fraud* - 💰 *Agreed to forfeit 19 million* in assets - ⛓️ *Facing up to 12 years in prison* - 📅 *Sentencing Date:* December 11, 2025 💥 *Cause of Charges:* - 🔍 Misled investors about how TerraUSD’s price peg was maintained. - 🪙 Used a trading firm to artificially keep UST pegged at1. 🌍 *Global Impact:* - 📉 Collapse of LUNA and UST led to $40B+ in losses. - 📢 Considered one of the *biggest crypto fraud cases* in history. 📈 *Market Reactions & Lessons:* - 🧠 Shows increasing *government accountability* in crypto. - ⚠️ Reminder: Always do proper research before investing.","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025082025/08/14/91fd2c9da3e64bf7841cef506b006ace.png"],"tags":[],"tradingPairs":["LUNA/USDT"],"quotearticleid":0}