#加密生态动态追踪 LUNA project founder Do Kwon pleads guilty, and the dust has settled. The once high-flying crypto entrepreneur has pleaded guilty in Manhattan Federal Court to two serious crimes: "conspiracy to commit fraud" and "wire fraud," and is awaiting his final sentencing on December 11th—expected to be between 5 to 12 years in prison.

But a prison sentence alone isn't enough. Kwon is also required to forfeit $19 million of criminal proceeds and liquidate personal assets, which is just the tip of the iceberg. Last year, he reached a settlement with the U.S. SEC requiring him to pay $204 million in compensation to investors—funds associated with approximately $40 billion in global losses. Terraform Labs and its related entities have also been ordered to pay substantial illegal gains and civil fines.

Even more heartbreaking is that after serving his sentence in the U.S., he is highly likely to be extradited to South Korea for continued trial. South Korean prosecutors hold multiple charges including fraud, with the maximum sentence up to 40 years.

This case, from explosion to verdict, has become a textbook negative example in the crypto market. Whether investors or industry practitioners, everyone should remember this lesson: $BTC $ETH $SOL No matter how dramatic, the cost of illegal activity is always the heaviest.