The creator of Luna and TerraUSD has been sentenced to 15 years in prison on fraud charges. The case centers on allegations of deliberately misleading investors, actions that ultimately contributed to widespread market turmoil across the crypto ecosystem. This conviction serves as a stark reminder of the risks posed by unchecked project leadership and the importance of due diligence in evaluating crypto investments. The incident continues to shape industry discussions around accountability and investor protection.
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NftRegretMachine
· 31m ago
15 years, this guy really screwed everyone over.
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bridgeOops
· 12-12 15:55
15 years ago, this guy really screwed people over. I almost bought into Luna back then...
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FlashLoanLarry
· 12-12 15:53
ngl, called this back in '21 when the tokenomics didn't add up. opportunity cost of chasing luna yields? getting absolutely rekt, turns out. thesis validation hits different when you're not the one doing 15 years lmao
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MEVHunterX
· 12-12 15:51
Wow, 15 years... This time, I really have to pay for my scam.
The creator of Luna and TerraUSD has been sentenced to 15 years in prison on fraud charges. The case centers on allegations of deliberately misleading investors, actions that ultimately contributed to widespread market turmoil across the crypto ecosystem. This conviction serves as a stark reminder of the risks posed by unchecked project leadership and the importance of due diligence in evaluating crypto investments. The incident continues to shape industry discussions around accountability and investor protection.