Luna by Virtuals priceLUNA

🐋 Whale sells $ETH and buys $LINK From several addresses, which most likely belong to the same person, 4,806 ETH (~$21.25 million) were exchanged for 938,489 LINK. Addresses: - 0xa658...5fc0b  - 0x61b7...00EC3  - 0x07e5...B46db  - 0xCEd7...837b9  - 0xA96b...56C0d  👀 According to Lookonchain, this whale previously: ▪️ Earned $4.14 million on $USDC depegging. ▪️ Sold ETH before $LUNA crashed. ▪️ Was an early investor in $SHIB and was able to exit at the peak in 2021.

The cryptocurrency world has witnessed many highs and lows, but few stories have captured as much global attention as that of Do Kwon, the co-founder of Terraform Labs and once hailed as a visionary in the digital asset space. Known popularly as the “cryptocurrency king,” Kwon’s rapid rise and even faster downfall has become a cautionary tale for investors, regulators, and the broader blockchain industry. From Innovator to Infamy Do Kwon emerged as a prominent figure in the crypto sector after co-founding Terraform Labs, the company behind the algorithmic stablecoin TerraUSD (UST) and its sister token Luna. At its peak, the Terra ecosystem was valued in the tens of billions of dollars and attracted investment from both retail traders and institutional players. Kwon was celebrated as a disruptor, someone who could redefine the future of decentralized finance. However, this promise unraveled dramatically in May 2022 when TerraUSD lost its dollar peg. The collapse triggered a downward spiral that wiped out nearly $40 billion in investor wealth, sent shockwaves through global markets, and accelerated the push for tighter crypto regulation. For many, this event became a defining “Lehman moment” for digital assets, highlighting the risks of experimental financial structures built without sufficient safeguards. The Charges and Guilty Plea Following months of investigations across multiple jurisdictions, U.S. prosecutors charged Kwon with fraud and other financial crimes. According to federal filings, he misled investors about the stability and sustainability of the Terra/Luna ecosystem, providing false assurances while concealing the inherent risks of the project’s algorithmic design. This week, Kwon pleaded guilty in a U.S. federal court to two counts of fraud. In doing so, he acknowledged responsibility for his role in misleading investors and contributing to one of the largest financial collapses in crypto history. The plea deal includes the forfeiture of more than $19 million in assets, a significant but symbolic sum compared to the vast losses suffered by investors worldwide. Facing Sentencing Kwon now awaits sentencing, scheduled for December 11. Under the current agreement, he faces up to 12 years in prison. While the ultimate sentence will be determined by the court, the outcome is likely to set a precedent for how justice systems treat major crypto fraud cases going forward. For investors who lost their savings in the Terra crash, the guilty plea may bring some measure of closure, but it is unlikely to fully restore confidence or repair the financial damage. The case illustrates the immense consequences of overconfidence, unchecked innovation, and inadequate regulatory oversight. Implications for the Crypto Industry The downfall of Do Kwon carries lessons for both innovators and regulators. For entrepreneurs in the blockchain space, it underscores the importance of transparency, risk management, and accountability. For regulators, it highlights the urgency of creating frameworks that protect investors without stifling innovation. Furthermore, this case reinforces a growing reality: the age of “wild west” cryptocurrency markets is coming to an end. As governments step in more forcefully, the era of unchecked promises and speculative mania is giving way to stricter compliance standards and legal accountability. Conclusion Do Kwon’s guilty plea marks a dramatic turning point in one of the most infamous sagas in crypto history. Once celebrated as a pioneer, he now stands as a warning of the dangers of hubris and deception in an industry still striving to find its balance between innovation and responsibility. His sentencing later this year will not only seal his personal fate but also shape how the world views the legitimacy and accountability of cryptocurrency leaders for years to come. $BTC $ETH $PEPECOIN

Do Kwon Pleads Guilty – $40B Terra Collapse Comes Full Circle Former Terra founder Do Kwon just pleaded guilty to fraud in a U.S. federal court. The 2022 TerraUSD/LUNA crash wiped out ~$40 billion in investor funds. He faces 12–25 years in prison, sentencing set for Dec 11, 2025. $19M+ forfeited as part of his plea deal.

Do Kwon Pleads Guilty – $40B Terra Collapse Comes Full Circle Former Terra founder Do Kwon just pleaded guilty to fraud in a U.S. federal court. The 2022 TerraUSD/LUNA crash wiped out ~$40 billion in investor funds. He faces 12–25 years in prison, sentencing set for Dec 11, 2025. $19M+ forfeited as part of his plea deal.