2025-12-11 22:11:19

Do Kwon just got hit with a 15-year sentence. Yeah, that Do Kwon—the Terraform Labs co-founder who went from crypto visionary to international fugitive.

The charges? Fraud that vaporized $40 billion when his ecosystem imploded. That wasn't just a company going under. It was a domino effect that rattled the entire crypto landscape, triggering cascading failures across multiple platforms.

Fifteen years behind bars. That's the price tag for one of the most catastrophic meltdowns in digital asset history. The fallout from Terra's collapse didn't just hurt investors—it shook confidence across decentralized finance and sparked serious questions about algorithmic stablecoin models.

From Silicon Valley darling to convicted fraudster. Quite the trajectory.

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Rugpull幸存者

· 21h ago

4 billion gone, 15 years in prison, this deal is really亏 --- I knew it, geniuses and scammers are just a step apart --- Is it stablecoin? Laughing to death, it's all paper --- Those people at Terra are still bragging now, really ironic --- Saw something was wrong a long time ago, but unfortunately no one listened --- Typical of the left hand to倒 right hand, in the end retail investors still pay the bill --- Surviving 15 years is pretty good, I think someone should thank heaven and earth --- The dream of DeFi should be醒, it's all虚幻 --- This guy was hyping it up fiercely at the beginning, now it has fallen so hard --- 40 billion evaporated, all because of one person's野心

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MetaDreamer

· 21h ago

4 billion lost, 15 years in prison, this deal was a huge loss

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ThreeHornBlasts

· 21h ago

Now it's all gone—$4 billion disappeared just like that. Truly a textbook-level rug pull.

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AirDropMissed

· 21h ago

Wow, 15 years? Do Kwon is really finished this time... --- 40 billion just disappeared like that, I was still wondering why so many people were blindly buying Terra back then --- Algorithm stablecoins are basically a joke, someone should have taken the fall long ago --- From chosen one to prisoner, the turnaround was incredible --- Really, this incident completely wiped out my confidence in DeFi... --- Does anyone still remember the day Terra collapsed? My friend lost everything directly --- 15 years, almost 50 now, how did it end up so badly

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LiquidatedDreams

· 21h ago

15 years, still couldn't escape the law’s reach. I knew Terra’s issues would eventually come to light. --- 40 billion just vanished like that. Truly outrageous. Algorithm stablecoins have always been quite mysterious. --- From genius to inmate, Do Kwon’s downfall is a textbook case of industry cautionary tale. --- I was actually fooled by him back then. Luckily, I didn't hold a heavy position, or I’d be crying with nowhere to turn now. --- That’s why I’m now so wary of stablecoins; who knows where the next disaster might strike? --- 15 years in prison for that? Worth it. So many people lost everything because of it. --- After this case, many project teams should reflect on whether their "vision" is just as ridiculous. --- Honestly, compared to the schemers, the investors who blindly went all-in sometimes seem quite pitiful. --- Algorithm stablecoins have been a huge pit from the start. Now, at least someone has paid the price for it.

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rugged_again

· 21h ago

4 billion just disappeared like that, really outrageous. Who would have thought back then? --- Fifteen years? Feels like he got off easy, this guy has scammed quite a few. --- Another cryptocurrency myth shattered, it's always the same套路. --- People are still crying over Terra's incident, at least now there's an explanation. --- Algorithmic stablecoins really need to be carefully examined, stop doing these reckless maneuvers. --- From chosen one to prisoner, the story is quite dramatic haha. --- I just want to know how much of that 4 billion can finally be compensated to the victims... probably not much. --- Doing wrong things must have consequences, no doubt about that. It's just that those investors are the ones suffering. --- Every time I see news like this, I think the crypto world really does all kinds of crazy stuff. --- Who still remembers how popular Terra was back then? Now just watching the jokes.

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