LUNC, LUNA Prices Slide As Terra’s Kwon May Plead Guilty

In the $40 billion United States fraud case, a new hearing has been scheduled for today. Intriguingly, the latest legal documents reveal that Do Kwon, the controversial crypto entrepreneur that was the mastermind behind Terra Luna (LUNA) & the algorithmic stablecoin UST, which was later rebranded to Terra Classic USD (USTC). For the uninitiated, Terra Luna’s ecosystem crumbled to pieces back in May, 2022, when the UST stablecoin saw a horrendous de-pegging from $1 to fractions of the original peg in days. The company’s founder Do Kwon fled the scene in weeks, but was later caught boarding a plane

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