Terra founder Do Kwon just got hit with a 15-year prison sentence following the catastrophic $40 billion meltdown of his algorithmic stablecoin empire. The Luna and UST collapse wiped out countless investors back in 2022, triggering one of crypto's darkest chapters. This ruling marks a pivotal moment in holding architects of major crypto disasters accountable.
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pumpamentalist
· 8h ago
The verdict after 15 years is a bit harsh, but damn, 4 billion just disappeared like that.
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DefiEngineerJack
· 11h ago
well *actually* if you traced the smart contract logic on luna's peg mechanism, formal verification would've caught this in like... 5 minutes. but sure, let's celebrate 15 years while the real systemic issues go unpatched lol
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BlockDetective
· 12-12 01:57
Finally, the moment has arrived. That damn Do Kwon should serve more prison time.
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MetaEggplant
· 12-12 01:56
15 years, this guy really gave the crypto world a lesson
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TeaTimeTrader
· 12-12 01:51
15 years, huh? This guy has truly caused investors to lose everything. Luckily, someone dared to stand up to him.
Terra founder Do Kwon just got hit with a 15-year prison sentence following the catastrophic $40 billion meltdown of his algorithmic stablecoin empire. The Luna and UST collapse wiped out countless investors back in 2022, triggering one of crypto's darkest chapters. This ruling marks a pivotal moment in holding architects of major crypto disasters accountable.