Do Kwon just got handed a 15-year prison sentence for fraud. The man behind Terraform Labs and the catastrophic Luna collapse is finally facing the music. This ruling marks one of the most significant legal consequences in crypto history—a stark reminder that even in decentralized finance, consequences are very much centralized when laws get broken. The fall from running a multi-billion dollar ecosystem to a prison cell took less time than most altcoin cycles.
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.
12 Likes
Reward
12
9
Repost
Share
Comment
0/400
MoonRocketTeam
· 12-15 01:24
Falling back from the moon to Earth, this time directly into a pit. 15 years in prison is enough for him to reflect on his life. Haha
View OriginalReply0
SelfRugger
· 12-15 01:14
15 years, huh? This guy really went all out... I lost quite a bit when Luna was doing the pump and dump. Now that I see he's in, I feel a bit better.
View OriginalReply0
AlphaLeaker
· 12-14 03:19
15 years? Did this guy get sent to prison directly? Decentralized finance still has to follow centralized laws.
View OriginalReply0
DefiPlaybook
· 12-13 22:03
According to on-chain data, the verdict in the Do Kwon case has become a landmark event in the crypto ecosystem—15 years in prison compared to the peak market capitalization before the LUNA collapse, and the contrast in their timeframes alone warrants in-depth analysis.
View OriginalReply0
InscriptionGriller
· 12-12 02:02
Fifteen years, huh? This guy has completely "reset" himself, going from scamming investors to serving time in prison. The speed is even faster than most altcoins' plunges... hilarious.
View OriginalReply0
GlueGuy
· 12-12 02:02
15 years... This guy is really ruthless, from a billion-dollar empire to prison, it all disappeared in a flash.
---
On the day Luna collapsed, I was still losing money. Now that he's in jail, I feel much better, but this retribution came too late.
---
To put it simply, doing market manipulation ends like this; decentralization can't withstand the fists of centralization.
---
Wait, is this really 15 years? I always thought people in the crypto world would never get into trouble.
---
An altcoin cycle from idolization to prison is more exciting than a K-line chart, hahaha.
---
Thinking about how many people lost everything because of Luna, now I can finally vent my anger.
View OriginalReply0
SpeakWithHatOn
· 12-12 01:59
Laughing to death, this guy really didn’t dodge it
---
15 years... now you know what real life is like
---
Bro, this wave of show-off operations is a textbook-level negative example
---
Kwon has truly entered the game this time, and he’s been playing for 15 years
---
The cost of messing up Luna is indeed a bit harsh, but it’s deserved
---
In a bull market, you can make a wave; in a bear market, you can squat and wait; this is Web3
---
Everyone says Crypto is borderless, but laws still have global warrants; interesting
---
15 years... if it were me, I’d have already run to a place without extradition treaties
---
This incident tells us that no matter how loud you boast, the law can still knock on your door
View OriginalReply0
WhaleMistaker
· 12-12 01:58
15 years in prison, Do Kwon really went all out this time
View OriginalReply0
ImpermanentTherapist
· 12-12 01:52
Laughing out loud, thinking about it from a different perspective in 2015 is just a super long bear market cycle.
Do Kwon just got handed a 15-year prison sentence for fraud. The man behind Terraform Labs and the catastrophic Luna collapse is finally facing the music. This ruling marks one of the most significant legal consequences in crypto history—a stark reminder that even in decentralized finance, consequences are very much centralized when laws get broken. The fall from running a multi-billion dollar ecosystem to a prison cell took less time than most altcoin cycles.