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🚨 U.S. Strikes Hard Prosecutors are pushing for a 12-year sentence for Terraform co-founder Do Kwon, holding him accountable for the $40B crypto meltdown that shook the entire market.
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🚨 Do Kwon Seeks Shorter Sentence Amid Terraform Collapse Fallout Terraform Labs co-founder Do Kwon is asking for a 5-year sentence, while U.S. prosecutors call the $LUNA / TerraUSD crash a “colossal fraud” that shook the entire crypto ecosystem. 🌐 Prosecutors push for 12 years, citing billions lost and shattered confidence in algorithmic stablecoins. Kwon’s team argues he’s already paid a heavy price with nearly 3 years in harsh detention. His sentencing could set a major precedent for crypto fraud accountability. ⚖️ #LUNC #LUNA #DoKwon #CryptoNews
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⚡Stablecoin Shakeup in China & Hong Kong! China goes all-in on zero-tolerance: domestic stablecoins banned, illegal activities criminalized, and the digital yuan surges. Meanwhile, Hong Kong tightens USDT rules, letting only licensed pros trade and pushing stablecoins toward real-economy use. Markets are splitting offshore compliance vs. domestic crackdown! 💥💹
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