The creator behind TerraUSD and Luna has been handed a 15-year prison sentence for fraud charges. Investigators determined that investors were misled, ultimately triggering one of the most devastating crises the crypto market has witnessed in recent years. The collapse of this ecosystem sent shockwaves through the industry, wiping out billions in investor capital and reshaping how the community views project governance and transparency. This case marks a significant moment for regulatory enforcement in the crypto space, demonstrating that major players face real consequences for deceptive practices that harm the broader market.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
16 Likes
Reward
16
5
Repost
Share
Comment
0/400
ForumMiningMaster
· 12-14 14:05
15 years, to be honest, feels a bit light... What about the money lost by retail investors?
View OriginalReply0
SerNgmi
· 12-13 13:43
Whoa, finally got in. This guy really needs to reflect on himself.
View OriginalReply0
MerkleTreeHugger
· 12-12 11:52
Finally caught, this guy owes everyone an apology
View OriginalReply0
GreenCandleCollector
· 12-12 11:49
Starting from 15 years ago, this guy really went all out.
View OriginalReply0
AirdropBuffet
· 12-12 11:42
15 years in prison is considered light; how many retail investors did this guy scam?
The creator behind TerraUSD and Luna has been handed a 15-year prison sentence for fraud charges. Investigators determined that investors were misled, ultimately triggering one of the most devastating crises the crypto market has witnessed in recent years. The collapse of this ecosystem sent shockwaves through the industry, wiping out billions in investor capital and reshaping how the community views project governance and transparency. This case marks a significant moment for regulatory enforcement in the crypto space, demonstrating that major players face real consequences for deceptive practices that harm the broader market.