The Terra ecosystem collapse case finally has a result—founder Do Kwon has been sentenced to 15 years in prison by a US court.
This catastrophic event that occurred in 2022 directly wiped out approximately $40 billion in market value, leaving countless investors with nothing. The presiding judge used stern language in the verdict, explicitly stating that Do Kwon chose to deceive and mislead investors, and now must pay the price for his actions.
The token projects he controlled now seem to be completely out of the game.
To be honest, this verdict actually came quite timely. For the crypto industry to develop healthily, it must clean up these troublemakers who create systemic risks one by one. The inevitable will come sooner or later; it's just a matter of time.
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Rekt_Recovery
· 22h ago
ngl, 15 years... that's the kind of liquidation you never recover from lmao. $40B gone and dude's getting the full prison sentence—this is what leverage PTSD looks like for the whole ecosystem fr
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ApeWithNoFear
· 12-12 03:46
15 years really feels good; this guy owes a lot of people an apology.
View OriginalReply0
MEVHunterZhang
· 12-12 03:43
15 years, this guy really played himself into it
Pity for those investors who got cut, 40 billion just disappeared like that
View OriginalReply0
FlashLoanLarry
· 12-12 03:37
lol 15 years for $40B vaporized... honestly the opportunity cost here is insane. do kwon thought he could extract infinite value without consequences, classic protocol failure in real life. thesis validated, as they say. should've stuck to legitimate yield farming instead of running exit liquidity schemes.
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Anon4461
· 12-12 03:26
$40 billion gone just like that. Do Kwon’s karma
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15 years, this guy is finally out of the game. The investors in the Terra ecosystem are truly wronged
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The bad guys are finally behind bars, but when will those who cut the leeks and run be caught?
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Honestly, it would be great if the crypto industry were this strict. Right now, there are still many projects playing tricks
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$40 billion evaporated... I just want to know how those vampires sleep at night
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Good sentence, but the next Do Kwon is probably already on the way
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Oh my God, it’s finally over. I thought it would end without incident again
View OriginalReply0
GweiWatcher
· 12-12 03:20
Wow, 15 years... This guy finally tasted some bitterness.
Losing 40 billion is truly outrageous; how many people got burned back then.
The Terra ecosystem collapse case finally has a result—founder Do Kwon has been sentenced to 15 years in prison by a US court.
This catastrophic event that occurred in 2022 directly wiped out approximately $40 billion in market value, leaving countless investors with nothing. The presiding judge used stern language in the verdict, explicitly stating that Do Kwon chose to deceive and mislead investors, and now must pay the price for his actions.
The token projects he controlled now seem to be completely out of the game.
To be honest, this verdict actually came quite timely. For the crypto industry to develop healthily, it must clean up these troublemakers who create systemic risks one by one. The inevitable will come sooner or later; it's just a matter of time.