Terra ecosystem founder Do Kwon just got handed a 15-year prison sentence over the catastrophic collapse that wiped out $40 billion in market value.



This marks one of crypto's most severe legal reckonings yet. The charges stem from the Terra/Luna implosion in 2022 - a meltdown that shook the entire digital asset space and triggered a domino effect across multiple platforms.

Prosecutors argued Kwon orchestrated a massive fraud scheme behind the algorithmic stablecoin UST, which spectacularly failed to maintain its dollar peg. Thousands of retail investors lost their life savings when Luna tokens plummeted from $116 to virtually zero within days.

The ruling sends a clear signal: regulators are done playing nice with crypto projects that operate in gray zones. Whether this deters future bad actors or just pushes them further underground remains to be seen.
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PaperHandSistervip
· 5h ago
Haha! Finally, someone got a serious lesson. Do Kwon has really fallen this time, 15 years... He used to hype UST so aggressively, and now the crash is so disastrous.
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SelfRuggervip
· 12h ago
Ha, finally it's his turn. So many people lost everything, yet he's still bragging.
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MetamaskMechanicvip
· 12h ago
Wow, 15 years? This time, it's really big. That Luna crash back then indeed woke up a lot of people...
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DegenWhisperervip
· 14h ago
15 years? How many people has this guy bankrupted, and it's still not enough? Luna dropped from 116 to 0, and those retail investors... Forget it, in the ecosystem, there should be someone who pays the price for lessons.
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LayerHoppervip
· 14h ago
15 years? This guy really dragged the entire crypto circle down with him, and he still dares to boast about algorithmic stablecoins... Serves him right.
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NoStopLossNutvip
· 14h ago
It should have been like this a long time ago; 15 years was still cheap for him. So many people have lost everything.
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SeasonedInvestorvip
· 14h ago
15 years? This guy really lost big this time. Forty billion dollars are gone just like that, and now he's facing jail time. Back then, when Luna dropped from $116 to just a few cents, how many people around me were crying like crazy... Now there's finally an explanation. But to be honest, this kind of punishment is good for the industry, preventing others from playing these tricks to scam retail investors' hard-earned money.
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ILCollectorvip
· 14h ago
15 years? From what I see, this guy really treats retail investors as a cash machine, serves him right. When Luna collapsed that year, I knew someone directly went bankrupt, losing everything... Now that the verdict is out, it's a bit of delayed justice, I suppose.
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