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He wiped out $40B in crypto — and said it didn’t bother him.
Do Kwon.
2021–2022.
Founder of Terra/LUNA, once worth $60B.
He said the stablecoin was safe.
He mocked critics as “too poor.”
He claimed to live a frugal life.
Reality: → Lied about how UST held its $1 peg
→ Ignored economists warning it would fail
→ Joked about companies dying — days before LUNA died
May 2022:
$LUNA crashed from $80 to $0.0001 in 48 hours.
Peg broke. Panic.
$40B erased.
Afterward: “This doesn’t bother me.”
Court: “Fraud executed with arrogance.”
Fled with a fake passport.
2023: Arrested.
Dec 2025: Sentenced to 15 years in the US
(Still facing 30+ years in South Korea.)
You can brag.
You can tweet.
But when $40B vanishes, the receipts don’t forget.
Were you holding $LUNA in May 2022?
$LUNC
#LUNA #LUNC #ETHWhaleWatch