Do Kwon Sentenced to 15 Years for Multibillion-Dollar Terraform Scam
Do Kwon's Sentencing: Terraform Labs co-founder Do Kwon was sentenced to 15 years in prison in New York for a multibillion-dollar fraud that contributed to the 2022 collapse of his crypto empire and the broader turmoil in digital-asset markets.
Legal Consequences: Kwon faces additional prosecution in South Korea after serving his U.S. sentence, and he previously pleaded guilty to conspiracy and wire fraud, agreeing to forfeit $19.3 million and properties.
Judge's Remarks: U.S. District Judge Paul Engelmayer described Kwon's actions as “a fraud of epic generational scale,” imposing a longer sentence than prosecutors sought due to the unprecedented financial harm caused to investors.
Market Impact: Kwon's deception was linked to the 2022 "crypto winter" and the collapse of major firms like FTX and Celsius, with prosecutors noting that the losses attributed to Kwon were greater than those from other high-profile cases.
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Technical Analysis for LUNA
Technical Sentiment Analysis for Terra (LUNA) As of , Terra (LUNA) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for LUNA stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, LUNA is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Terra (LUNA) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.028 | 0.0401 | 0.0522 | 0.0643 | 0.0764 | 0.0885 | 0.101 |
| Fibonacci | 0.0401 | 0.0493 | 0.055 | 0.0643 | 0.0735 | 0.0792 | 0.0885 |
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