2025-12-12 12:20:34

Do Kwon's 15-year prison sentence is actually a deep reflection opportunity for the entire crypto industry.

What does this verdict signify? It’s not that blockchain technology itself is flawed, but that the illusion of "decentralization" enabling evasion of regulation has been completely shattered. A project founder serving time for financial crimes precisely proves that no one can truly hide behind the blockchain to do as they please.

The collapse of the Terra ecosystem is still fresh in memory. At that time, many investors rushed in to "buy the dip" in Luna, only to see their accounts wiped out. From Luna to Do Kwon’s imprisonment, this series of events acts like a mirror that reveals how many retail investors’ perceptions are blind — confusing gambling mentality with investment.

Now, the question facing participants is very real: Do you truly understand the projects you're investing in? What is the background and history of the project team? Are their risk control measures just a phrase like "I believe in decentralization"? These are questions you should seriously ask yourself.

FOMO (fear of missing out) is particularly easy to amplify in the crypto market — seeing others make money and rushing in can be the most dangerous. Can you identify "air coins"? Can you withstand the risk of project teams suddenly disappearing? Can you remain unshaken after a coin drops 80%? If you haven't thought these through, it’s better to do your homework off-chain before blindly participating.

From this perspective, the verdict against Do Kwon actually marks the maturity of the crypto market. Regulations will become stricter, and the regulatory framework will become more complete. Participants who can adapt to these changes will thrive, while those seeking only quick gains will ultimately be eliminated. This is not pessimism; it’s reality.

LUNA1.99%

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ProveMyZK

· 9h ago

The Luna wipeout, I was there on the scene, really saw human nature. It's not a technical issue, just people's greed. Do Kwon is in custody, who’s next? This is the reality. FOMO is the most deadly. Every time I see others making money, I get itchy, and then I lose. I need to change this bad habit. Decentralization is not a shield; this time it’s a lesson learned. Making money depends on luck, losing money depends on learning; retail investors haven't fully understood. Regulation coming is actually good; at least now we know what the rules are. It's better than the wild growth before. It's really not that easy to see through a project; most of the time, it’s just a gambling mentality. Actually, you should calm down and ask yourself, do you really understand this coin? Or are you just following the trend?

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OneBlockAtATime

· 9h ago

The Luna wipeout truly woke up many people Do Kwon has been imprisoned, but it’s the reckless retail investors who went all in who should be reflecting the most Instead of waiting to be cut, why not ask yourself right now: do you really understand what you're investing in? History loves to repeat itself— as long as there's FOMO, there will always be the next Luna

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On-ChainDiver

· 9h ago

This is the reality. Many people's dreams shattered and accounts wiped out during the Luna wave. Blockchain is not a lawless place; someone should have paid the price long ago. --- FOMO is really a killer for retail investors. Seeing others make money makes you jealous, and in the end, you're just the bag holder. --- Basically, you need to understand what you're investing in and not be brainwashed by the talk of decentralization. --- Regulation coming is actually good for projects that are doing real work. Those worthless coins should have been gone long ago. --- It's pretty satisfying that Do Kwon was sentenced. Someone has to be responsible for this mess. --- An 80% crash and still not collapse? Ha, ask yourself if you can handle it before saying anything. --- Treating gambling as investment is a common problem in the crypto world. It's time to wake up. --- As rules become stricter, if you can't adapt, you'll be out. There's nothing pessimistic about it; it's just survival of the fittest.

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DegenDreamer

· 9h ago

The lessons from Luna haven't been learned, and now another Do Kwon appears. Honestly, the crypto world is a harsh mirror. --- Decentralization cannot prevent the hand of the law; someone should have said this earlier. --- I just want to ask, how many people can truly distinguish between investment and gambling? Honestly, I’m not sure either. --- FOMO is a disease that needs treatment, but who has really cured it? --- In 2015, think about those who went all-in on Luna. How do they feel now? --- Stricter regulations are actually good for retail investors like us. --- The Do Kwon incident actually gives me some confidence in crypto, showing that the system can catch bad actors. --- Who can truly identify air coins? Anyway, I can't tell. --- A mature market is like this: survival of the fittest, those who should be eliminated will be eliminated. --- The group of people who cleared Luna are really tough, still daring to keep playing.

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GasFeeCrybaby

· 9h ago

Haha, I really was stunned by that Luna wave. So many people were sleepwalking into it, and when they woke up, it was gone. --- To put it simply, stop dreaming that blockchain can help you evade taxes. You still have to pay the fines. --- Do Kwon is in jail, but retail investors are still dreaming. That’s the most ironic thing. --- People who can hold through an 80% drop are basically nonexistent. Stop fooling yourself. --- That time with Terra really taught me to be smart as an investor. Now I’m extremely strict and just pass on hype coins. --- It feels like this article is hinting that we retail investors are too stupid, haha. But honestly, think carefully before entering. --- Regulation coming means more peace of mind? That’s desperation talking, but maybe it’s not wrong. --- I just want to know why so many people are still trading air coins. Did they forget Do Kwon’s lesson so easily? --- Rather than reflecting, it’s better to run quickly. The next big crash could be right around the corner. --- The knockout stage of the crypto market has officially begun. Survive or perish.

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GateUser-beba108d

· 9h ago

The Luna wipeout was truly incredible, and there are still people dreaming of the "next Luna" now That feeling of a dream shattering in that year and month, thinking back, Do Kwon should be in jail Instead of waiting to be cut, it's better to start asking yourself the right questions now FOMO is really a slaughterhouse for retail investors; there's always someone jumping in every time Basically, it's like an unregulated amusement park closing down, only the survivors thrive Every day talking about "decentralization," but when faced with regulation, they become so timid Those still going all-in on a certain project probably haven't learned their lesson from Luna Once that verdict is out, those air projects will probably be unable to sit still Before investing, you need to think carefully about whether you can handle a 100% wipeout From Luna to today, this mirror truly shines brightly

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blockBoy

· 9h ago

During the Luna bottoming out, it really ruined people's lives... Now looking at Do Kwon's 15 years, thinking about how ignorant those FOMO people were back then I already said when Luna hit zero that retail investors can't tell the difference between investing and gambling, and I was heavily criticized Regulation coming is actually a good thing, it eliminates projects that rely on hype to survive Going in without doing homework, serves you right for being cut... to put it bluntly, it's your own fault The real question is, how many people have learned their lesson now? I don't think many Do Kwon is in jail, and there will definitely be a second, third one after him It's not hard to see the project's background before taking action, but some people just don't want to think for even a second With stricter regulatory frameworks, it's actually beneficial for projects that want to do things properly

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