Terra Luna's Do Kwon just got hit with a 15-year prison sentence. The verdict marks a critical moment in crypto history—this guy's behind one of the most catastrophic collapses the industry has ever seen. We're talking about over 40 billion dollars evaporating from the LUNA ecosystem, wiping out countless investors overnight.
The court didn't hold back. Fraud charges stuck, and the sentence reflects the massive scale of damage. For those who've been following this saga since the 2022 implosion, today's ruling feels like justice that's been a long time coming. The Terra disaster reshaped how regulators view algorithmic stablecoins and raised serious questions about founder accountability.
Whether this sets a precedent for future cases remains to be seen, but one thing's clear: the consequences for multi-billion dollar failures are finally catching up with those responsible.
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GasFeeTherapist
· 12-12 01:59
Finally, the day has come. Do Kwon should take responsibility for what he did... 40 billion just disappeared, it's unbelievable.
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NFTRegretful
· 12-12 01:59
Finally here, I've been waiting for this day. 4 billion is gone just like that, Do Kwon really dares to do it.
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15 years, honestly, it's a bit satisfying, but I'm more concerned about whether those who got cut can get something back.
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Don't just judge him, bring out those KOLs who helped promote Luna, they all need to be responsible.
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Is this considered a warning film for the crypto circle? Next time, let's see who still dares to play these tricks.
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Oh my god, 4 billion, what are my losses... but at least someone paid the price.
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The question is, when will the next Do Kwon appear? Anyway, new projects are coming on the chain.
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GateUser-bd883c58
· 12-12 01:50
Uh... Do Kwon finally got detained. It's a bit satisfying to see this news, but losing 4 billion just like that, it's really incredible.
Terra Luna's Do Kwon just got hit with a 15-year prison sentence. The verdict marks a critical moment in crypto history—this guy's behind one of the most catastrophic collapses the industry has ever seen. We're talking about over 40 billion dollars evaporating from the LUNA ecosystem, wiping out countless investors overnight.
The court didn't hold back. Fraud charges stuck, and the sentence reflects the massive scale of damage. For those who've been following this saga since the 2022 implosion, today's ruling feels like justice that's been a long time coming. The Terra disaster reshaped how regulators view algorithmic stablecoins and raised serious questions about founder accountability.
Whether this sets a precedent for future cases remains to be seen, but one thing's clear: the consequences for multi-billion dollar failures are finally catching up with those responsible.