2025-12-12 02:29:49

The former crypto empire builder Do Kwon just got hit with a 15-year sentence after admitting to fraud charges. His TerraUSD stablecoin and Luna token imploded spectacularly, wiping out roughly $40 billion in market value. The guilty plea marks the end of one of crypto's most devastating collapses, which sent shockwaves through the entire digital asset ecosystem and left countless investors holding worthless tokens. This case has become a landmark moment for regulatory enforcement in the space.

LUNA-7.38%

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MiningDisasterSurvivor

· 8h ago

I've been through it all, and the 2018 mining disaster was much worse than this. But Do Kwon's incident really serves as a lesson; promising unrealistic gains leading to 15 years in prison is the result of a high-APY project. 4 billion evaporated, and how many new investors got caught in it... Another Ponzi collapse. Luckily, I didn't get involved with Luna back then.

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SatoshiHeir

· 8h ago

It should be pointed out that the Do Kwon case is essentially a direct deviation from Satoshi Nakamoto's vision of decentralization—a collapse of an "empire." This precisely proves the inevitable demise of centralized power, and this is no coincidence.

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POAPlectionist