Big news about TerraUSD (USTC) and LUNA! These were types of cryptocurrency that lost a lot of money last year. A court in South Korea just said they aren't the same as stocks or other investments.
- The court didn't think LUNA and USTC fit the rules for normal investments.
- Prosecutors tried to take money from one of the founders, but the court said no.
- Even though the court made this decision, some people still face charges of cheating investors.
| Fact | Details |
|---|---|
| Amount Lost | Over $40 billion! |
| Court Decision | LUNA and USTC are NOT considered investments. |
| Key Figure | Do Kwon is facing charges in the US. |
