Do Kwon just got 15 YEARS in U.S. prison and the crypto market snapped instantly.
Judge called the Terra/LUNA fiasco “a fraud on an epic, generational scale.” Kwon must forfeit $19M+, pay $80M, and is banned from crypto under a $4.55B SEC deal.
Meanwhile: $LUNC dumped -32% $LUNA dumped -36% …Right after both pumped ~250% in 10 days.
This is the most defining enforcement moment crypto has seen in years and it’s only the beginning.
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Do Kwon just got 15 YEARS in U.S. prison and the crypto market snapped instantly.
Judge called the Terra/LUNA fiasco “a fraud on an epic, generational scale.”
Kwon must forfeit $19M+, pay $80M, and is banned from crypto under a $4.55B SEC deal.
Meanwhile:
$LUNC dumped -32%
$LUNA dumped -36%
…Right after both pumped ~250% in 10 days.
This is the most defining enforcement moment crypto has seen in years and it’s only the beginning.