#LUNC Major development in the Terra case: Federal prosecutors have just submitted a sentencing recommendation for Do Kwon, seeking a 12-year prison term.

If the court accepts the prosecution’s recommendation, the founder of one of the most sensational collapses in cryptocurrency history will face more than a decade behind bars. This marks a significant escalation in the legal consequences stemming from the Terra-Luna collapse, which led to billions of dollars in investor losses in 2022.
The 12-year sentence request shows that authorities are taking this matter extremely seriously. When UST lost its peg and LUNA’s price plummeted to nearly zero, ordinary investors suffered massive losses, and the prosecution appears determined to send a strong signal about accountability in the crypto space.
While we still await the judge’s final decision, this sentencing recommendation gives us a clearer expectation of the consequences of the industry’s biggest scandals.