US prosecutors claim that the collapse of the TerraUSD and Luna cryptocurrencies has affected over a million individuals and organizations. 🤯 The document states that the actions of Do Kwon, co-founder of Terraform Labs, have resulted in investor losses totaling over $40 billion.
Kwon is accused of fraud and manipulation, as well as creating a false decentralized ecosystem. He was detained in Montenegro and extradited to the United States, where he awaits legal proceedings. ⚖️#luna
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
US prosecutors claim that the collapse of the TerraUSD and Luna cryptocurrencies has affected over a million individuals and organizations. 🤯 The document states that the actions of Do Kwon, co-founder of Terraform Labs, have resulted in investor losses totaling over $40 billion.
Kwon is accused of fraud and manipulation, as well as creating a false decentralized ecosystem. He was detained in Montenegro and extradited to the United States, where he awaits legal proceedings. ⚖️#luna