I can see why the news about Jane Street has sparked renewed discussion and calls for Do Kwon's release among the $LUNC community. However, the situation is far more legally complex, and the calls for a pardon are unlikely to change the outcome.
Here is a breakdown of the legal reality versus the community narrative.
⚖️ Why a Pardon is Unlikely: The Fraud Verdict
While the Jane Street lawsuit has shifted some blame, it does not absolve Do Kwon. The courts have already ruled that he was the primary architect of the collapse.
· Criminal Conviction: Do Kwon pleaded guilty to conspiracy and wire fraud and is serving a 15-year prison sentence in the U.S. This is a criminal conviction, not a civil dispute.
· Civil Liability: A jury found him and Terraform Labs liable for civil fraud, with the judge ruling they sold unregistered securities and defrauded investors.
· Court Ruling: The court explicitly stated that Kwon was "alone responsible for everyone’s pain," rejecting the argument that external factors caused the crash.
🏛️ The Jane Street Factor: Scapegoat or Co-Conspirator?
The community believes the new lawsuit proves an "outside attack" by Jane Street, justifying Kwon’s release. However, the legal reality is that both parties are being treated as potential villains, not alternatives.
· Insider Trading Allegations: A court-appointed administrator is suing Jane Street, alleging they used insider info to dump $UST and make **$134 million** illegally.
📈 The Current State of LUNC
The calls for a pardon often coincide with price movements, but market data suggests the recent rally is based on speculation rather than legal developments.
· Price Action: $LUNC is currently trading around **$0.00007922**, reflecting a volatile market.
· The "Burn" Narrative: The recent 118% rally has been driven by community token burns, not legal outcomes. However, analysts warn that at the current burn rate, reducing supply by just 1% would take over 60 years.
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