The mastermind behind one of crypto's most catastrophic collapses just got what was coming. Do Kwon, the architect of the Terra-Luna ecosystem that vaporized $40 billion overnight, has been handed a 15-year prison sentence. Justice moves slowly in this space, but when it finally catches up, it doesn't mess around.
This verdict marks a rare moment of accountability in an industry that's seen too many founders walk away from ruins they created. The Terra implosion didn't just erase wealth—it shattered trust, destroyed portfolios, and pushed regulators worldwide into overdrive. Now, with Kwon behind bars, there's at least some closure for the thousands left holding worthless tokens.
The crypto world's been watching this case closely. Will this deter the next wave of ambitious builders from cutting corners? Hard to say. But one thing's certain: fraud in this space isn't untouchable anymore. The days of "code is law" as an excuse are fading fast.
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retroactive_airdrop
· 23h ago
Finally, 15 years is not a wrongful conviction. If it weren't for this verdict, I wouldn't dare look at on-chain data anymore; my confidence has been shattered.
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WenAirdrop
· 12-14 06:37
15 years, finally someone is paying the bill for 4 billion, awesome
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SundayDegen
· 12-13 07:50
It should have been like this from the start—$4 billion gone just like that, so many people's investments lost entirely.
Feels like it's still a bit late; we should have taken action earlier.
But on the other hand, does this verdict really serve as a deterrent to other project teams? After all, they’re just blindly minting coins.
Finally, someone is holding Luna accountable, although the hard-earned money can't be recovered.
This time, the so-called "code is law" argument has finally gone bankrupt.
The so-called experts are still touting decentralization and freedom; I think they just want to freely cut the leeks.
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AirdropHunterXM
· 12-12 07:42
Wow, finally the day has come. Do Kwon truly deserves to go in.
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BlockImposter
· 12-12 02:50
Buddy, Do Kwon finally got caught, truly incredible. 4 billion just gone like that, and he still has the nerve to make up stories.
Wait, is 15 years enough? Seems like he's getting off easy.
Now the holders of those coins can finally sleep peacefully, although the money still can't be recovered.
Justice is slow but sure, though it's a bit late.
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GasGrillMaster
· 12-12 02:50
15 years? I thought the sentence would be heavier... but it's finally a start anyway.
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40 billion just gone like that, really outrageous, poor retail investors.
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Finally, someone paid the price. There are too many scammers in this industry.
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Regulators are coming, everyone. In the future, be more careful when cutting the leeks.
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The Do Kwon incident is a lesson for all ambitious people; don’t go too far.
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Same old story, the crypto world ultimately cannot escape legal punishment.
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I just want to know where that forty billion went...
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This mess has completely disappointed me in this circle.
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SatoshiLeftOnRead
· 12-12 02:49
Finally, someone has paid the price for this major crash, although it might not change much for those who suffered heavy losses.
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ApyWhisperer
· 12-12 02:48
Finally, someone is paying for this $4 billion, although it came a bit late.
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RugDocScientist
· 12-12 02:36
Wait, 15 years? I thought he could run another round.
Honestly, this penalty finally gave me some hope, even though it was ridiculously overdue.
By the way, how many people does this have to compensate... My friends I know are still criticizing him.
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GasGuzzler
· 12-12 02:24
Finally felt good, starting from 2015 isn't that long ago
The mastermind behind one of crypto's most catastrophic collapses just got what was coming. Do Kwon, the architect of the Terra-Luna ecosystem that vaporized $40 billion overnight, has been handed a 15-year prison sentence. Justice moves slowly in this space, but when it finally catches up, it doesn't mess around.
This verdict marks a rare moment of accountability in an industry that's seen too many founders walk away from ruins they created. The Terra implosion didn't just erase wealth—it shattered trust, destroyed portfolios, and pushed regulators worldwide into overdrive. Now, with Kwon behind bars, there's at least some closure for the thousands left holding worthless tokens.
The crypto world's been watching this case closely. Will this deter the next wave of ambitious builders from cutting corners? Hard to say. But one thing's certain: fraud in this space isn't untouchable anymore. The days of "code is law" as an excuse are fading fast.