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.

LUNA-13.49%
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.
  • Reward
  • 7
  • Repost
  • Share
Comment
0/400
EntryPositionAnalystvip
· 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.
View OriginalReply0
LadderToolGuyvip
· 12-12 07:32
4 billion USD just gone like that, really unbelievable... Do Kwon needs to pay for his experiment.
View OriginalReply0
Whale_Whisperervip
· 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.
View OriginalReply0
GasFeeAssassinvip
· 12-11 16:54
4 billion USD lost, this guy is really ruthless
View OriginalReply0
just_another_fishvip
· 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?
View OriginalReply0
WalletInspectorvip
· 12-11 16:48
$4 billion just disappeared like that. Do Kwon really gave Web3 a lesson.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)