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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.
Litecoin is a better alternative to Bitcoin. It offers features similar to Bitcoin but distinguishes itself by transaction speed and low to zero fees. It is cheap, and its utility extends to personal or small business use. Find out more in this guide.
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