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🚨 BREAKING: Do Kwon just got SLAMMED with 15 years in fed prison for the $40B Terra Luna apocalypse 😱
The Terra/Luna crash in '22? That house-of-cards algo stablecoin nightmare that nuked billions and kicked off crypto winter? Yeah, Kwon's the architect. SDNY judge dropped the hammer today—way above the 12 years prosecutors wanted, calling it "fraud on an EPIC, generational scale." Kwon pled guilty back in Aug to wire fraud & conspiracy, admitting he straight-up lied about UST's "unbreakable" peg and stability. No more flexing on X, bro—your "poor haters" era is OVER.
Quick hits:
➡️ Prosecution: 12+ years + $19M+ forfeiture (they got it + more) 💸
➡️ Defense: "Only 5 years pls, blame the third-party pumpers" 🙄 (judge wasn't buying)
➡️ Korea: More charges lurking—extradition vibes incoming? 🌏
Kwon mumbled an apology in court, but judge roasted: "You chose to lie. You were bitten by the crypto bug—time to get incapacitated." Victims lost life savings; this is accountability dropping like a degen's portfolio in a bear market. Precedent for every shady founder out there: Play stupid games, win stupid prizes.
Crypto's maturing—fraudsters, your clock's ticking ⏰ $LUNA $USTC