Do Kwon Pleads Guilty: Terra Classic (LUNC) Price Takes a Hit

Following Do Kwon’s guilty plea in court regarding his role in the collapse of TerraUSD, the price of Terra Classic (LUNC) has taken a dip. Kwon admitted to conspiracy and wire fraud related to the infamous event, which led to a $40 billion market value loss. The plea deal offers a maximum 12-year sentence if Kwon fully cooperates with authorities, while the potential penalty without cooperation could reach 25 years. Sentencing is scheduled for December.