The crypto world just witnessed a landmark verdict. Do Kwon, once a celebrated blockchain entrepreneur, has been handed a 15-year prison sentence after entering a guilty plea on fraud charges. His downfall? The catastrophic $40 billion implosion of TerraUSD and Luna—two tokens that shook the entire digital asset ecosystem to its core. The collapse sent shockwaves through markets, wiping out fortunes and triggering regulatory scrutiny worldwide. This sentencing marks a decisive moment: even in crypto's Wild West, consequences catch up. Justice delayed, perhaps, but not denied.
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BlockchainRetirementHome
· 16h ago
Starting from 15 years ago, this guy is really ruthless. 4 billion USD just disappeared like that. I always say that trading cryptocurrencies still requires rationality.
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BoredWatcher
· 16h ago
4 billion USD just gone like that, even I, a small retail investor, am speechless.
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ChainPoet
· 16h ago
Well said, that’s what you get. I knew that guy would eventually crash; with such a big scheme, does he think he can walk away unscathed? Dream on.
The crypto world just witnessed a landmark verdict. Do Kwon, once a celebrated blockchain entrepreneur, has been handed a 15-year prison sentence after entering a guilty plea on fraud charges. His downfall? The catastrophic $40 billion implosion of TerraUSD and Luna—two tokens that shook the entire digital asset ecosystem to its core. The collapse sent shockwaves through markets, wiping out fortunes and triggering regulatory scrutiny worldwide. This sentencing marks a decisive moment: even in crypto's Wild West, consequences catch up. Justice delayed, perhaps, but not denied.