What’s Driving 25% Terra (LUNA) Price Rally Today?
Terra (LUNA) price extended its sharp recovery with a 25% upside on Dec. 11 to $0.24, ahead of the Do Kwon sentencing.
1H
3.02%$0.0015
24H
6.36%$0.0030
7D
-0.87%$0.0004
30D
-16.5%$0.0100
Terra (LUNA) price extended its sharp recovery with a 25% upside on Dec. 11 to $0.24, ahead of the Do Kwon sentencing.
Terraform Labs co-founder Do Kwon admitted guilt on fraud and conspiracy charges related to the 2022 TerraUSD collapse that cost investors $45 billion.
The verdict sets a key precedent that could influence future legal classifications of virtual assets in South Korea.
The Government estimates that the number of victims of Kwon’s actions exceeds hundreds of thousands and potentially totals more than one million.
Prosecutors allege that Kwon orchestrated a multibillion-dollar fraud that left investors reeling.
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