In a chilling turn of events on The Bold and the Beautiful, what started as a covert operation to protect the Forrester family ends in betrayal, heartbreak, and a fatal shot that will leave fans reeling.

Will Spencer, burdened with the knowledge that Luna Nozawa was plotting against Steffy and possibly working with dangerous figures from Sheila’s past, returns to Los Angeles under the guise of rekindling a romance. Beneath his tailored blazer is a hidden wire; every tender word, kiss, and encounter is part of an elaborate sting meant to capture a confession. Despite his initial resolve, Will’s feelings for Luna resurface, causing his lines between love and duty to blur.

Their nights together reignite painful memories and emotional longing, but Luna’s cryptic remarks about Steffy’s power and her desire to “balance the scales” raise Will’s suspicions further. She reveals just enough for Will to confirm she’s orchestrating a slow takedown of Steffy’s life. He delivers the evidence to Ridge, who reacts swiftly and coldly—Luna must be cut off before more damage is done.

However, Luna begins to sense something is wrong. Her instincts sharpen when Will’s responses grow distant. After confronting him, she disappears—her condo abandoned, phone disconnected, her presence vanishing like smoke. The chase intensifies when Thomas calls with a warning: Luna is planning something much worse, targeting Steffy’s family.

Will tracks her to a remote villa in Big Bear. A confrontation on a stormy cliffside leads to emotional revelations. Luna defends her actions, claiming she’s righting the wrongs done to her and her mother. When Will refuses to support her, she vanishes again. Hours later, he follows her inside the villa.

Gunfire shatters the silence. A single, deadly shot. Will falls, the hidden recorder under his shirt crackling for a final moment. Luna stands trembling over his body, consumed by rage and heartbreak. The wire was a betrayal too deep. She flees into the storm, the rain washing away everything but her guilt.

Police find Will’s body the next morning, and the recorder provides damning evidence. Luna’s name is spoken multiple times. A manhunt begins. Steffy is shattered by the news, learning of Will’s death in the middle of a board meeting. Finn discovers Luna had checked into the ER days earlier—laying a false trail.

Luna is spotted fleeing north, her trail marked by stolen vehicles, gas station sightings, and eventually a murdered associate in a motel. The woman helped Luna forge IDs. It’s clear Luna will kill to erase her identity.

Steffy and Finn take matters into their own hands. From LA to San Francisco to Seattle, they chase Luna, finding remnants of her escape: stained wine glasses, torn Forrester catalogs, and lipstick on broken mirrors. A digital trail leads them to Montreal, where Luna is trying to escape to Europe.

At the fog-drenched docks, Steffy and Finn finally catch up. Luna tries to run but is cornered. With nowhere left to go, she raises her weapon. Finn is forced to fire. Luna collapses, whispering through blood that Will was supposed to love her. Her final breath carries the echo of betrayal.

Back in Los Angeles, Luna’s body is flown under heavy security. Will is buried next to his sister. The recorder he used is returned to his grieving mother.

The city, scarred but functioning, moves on. Steffy returns to Forrester. Finn returns to his patients. But neither will forget the nightmare Luna unleashed. Love, it turns out, can be just as deadly as revenge.

And just when the Forrester family thinks the nightmare is over, Steffy opens an envelope left on her desk. No return address. Inside is a photo of her with a red “X” drawn through her face… and the chilling words scrawled in ink: You think it ended? It’s only just begun.