{"id":16202,"date":"2024-03-23T13:43:43","date_gmt":"2024-03-23T13:43:43","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=16202"},"modified":"2024-03-23T12:45:31","modified_gmt":"2024-03-23T12:45:31","slug":"terra-luna-founder-do-kwon-released-to-house-arrest-luna-and-lunc-prices-surge","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/terra-luna-founder-do-kwon-released-to-house-arrest-luna-and-lunc-prices-surge\/","title":{"rendered":"Terra Luna Founder Do Kwon Released to House Arrest, LUNA and LUNC Prices Surge"},"content":{"rendered":"

Do Kwon, the founder of the Terra (LUNA) ecosystem, has been released to house arrest by a Montenegrin court after nearly a year in detention.<\/p>\n

The court’s decision comes after previous reports suggested that Kwon would be extradited to South Korea rather than the United States. However, this decision was suspended by the Montenegrin court in light of recent developments.<\/p>\n

The lenient sentence for Kwon has sparked a surge in the prices of related cryptocurrencies. LUNA<\/a> and LUNC, the two main tokens associated with the Terra ecosystem, have seen increases of 15% and 11%, respectively.<\/p>\n

Kwon’s Terra Luna and TerraUSD projects collapsed in May 2022, along with Terra’s algorithmic stablecoin UST, causing billions of dollars in losses for investors.<\/p>\n

The fact that Kwon has not been severely punished after causing billions of dollars in losses to investors has drawn criticism from the cryptocurrency community.<\/p>\n

\n

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0Telegram,\u00a0<\/strong><\/a>YouTube<\/strong><\/a>,\u00a0and\u00a0Twitter<\/strong><\/a> channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Do Kwon, the founder of the Terra (LUNA) ecosystem, has been released to house arrest by a Montenegrin court after nearly a year in detention. The court’s decision comes after previous reports suggested that Kwon would be extradited to South Korea rather than the United States. However, this decision was suspended by the Montenegrin court<\/p>\n","protected":false},"author":1,"featured_media":7909,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[1675,1263,3350,1264],"class_list":["post-16202","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-do-kwon","tag-luna","tag-lunc","tag-terra-luna"],"yoast_head":"\nTerra Luna Founder Do Kwon Released to House Arrest, LUNA and LUNC Prices Surge - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Do Kwon, the founder of the Terra ecosystem, has been released to house arrest by a Montenegrin court after nearly a year in detention.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/terra-luna-founder-do-kwon-released-to-house-arrest-luna-and-lunc-prices-surge\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Terra Luna Founder Do Kwon Released to House Arrest, LUNA and LUNC Prices Surge - 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