The architect behind the Terra ecosystem faces sentencing following one of crypto's most catastrophic meltdowns. Do Kwon, who engineered the now-infamous TerraUSD stablecoin project, is heading to court over the $40 billion implosion that sent shockwaves through digital asset markets in 2022. The collapse wiped out countless investors overnight and triggered a domino effect across multiple platforms. Legal proceedings now move into their final chapter as authorities prepare to deliver judgment on the fallen crypto titan whose algorithmic stablecoin experiment ended in spectacular failure.
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EntryPositionAnalyst
· 12-14 00:44
Oh my god, this guy is really going in. 4 billion dollars just gone like that... I still remember how the entire community was exploded at that time.
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LadderToolGuy
· 12-12 07:32
4 billion USD just gone like that, really unbelievable... Do Kwon needs to pay for his experiment.
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Whale_Whisperer
· 12-11 17:03
Do Kwon, this guy is really incredible. He said he had 4 billion dollars and it's gone just like that.
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GasFeeAssassin
· 12-11 16:54
4 billion USD lost, this guy is really ruthless
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just_another_fish
· 12-11 16:51
Algorithmic stablecoins are just outrageous. Do Kwon at the time insisted it was a universal key, but overnight, four billion dollars were gone. How many more people have lost everything?
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WalletInspector
· 12-11 16:48
$4 billion just disappeared like that. Do Kwon really gave Web3 a lesson.
The architect behind the Terra ecosystem faces sentencing following one of crypto's most catastrophic meltdowns. Do Kwon, who engineered the now-infamous TerraUSD stablecoin project, is heading to court over the $40 billion implosion that sent shockwaves through digital asset markets in 2022. The collapse wiped out countless investors overnight and triggered a domino effect across multiple platforms. Legal proceedings now move into their final chapter as authorities prepare to deliver judgment on the fallen crypto titan whose algorithmic stablecoin experiment ended in spectacular failure.