2025-12-12 01:31:28

Terraform Labs founder Do Kwon just got slapped with a 15-year prison sentence. The charges? Orchestrating a massive $40 billion fraud scheme that wiped out countless investors when Luna and UST imploded back in 2022. This marks one of the harshest penalties in crypto history, sending a clear signal that regulators aren't playing games anymore. The collapse triggered a domino effect across the entire market, and now Kwon's paying the price behind bars.

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TokenUnlocker

· 2h ago

15 years... This guy really went all out. During the Luna wave, I knew a bunch of people who lost big. Now that he's in, I feel a bit satisfied, but it probably doesn't change much.

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RuntimeError

· 7h ago

15 years... Bro, this time it's really over. I also lost quite a bit on Luna. Now at least there's an explanation.

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GateUser-7b078580

· 12-12 02:01

The data shows that this is an inevitable outcome. The scale of 4 billion should have collapsed long ago, but the arrival of regulation actually makes it more painful. In 2015... miners were over-consuming, project teams were also over-consuming, and it will eventually collapse. Hold on a bit longer; cases like this will become more and more frequent, and we've observed the pattern. I remember during the Luna wave, the decline was tracked hourly, and it directly hit new lows. An unreasonable mechanism will inevitably lead to such outcomes.

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fomo_fighter

· 12-12 02:00

15 years? Feels still too cheap for him, 4 billion just gone like that... --- I was also involved in the Luna incident. Now that I see Kwon has been detained, I feel a bit more at ease. --- Not gonna lie, this penalty is probably the harshest in crypto history. It should serve as a warning to those project teams. --- Wait, can investors really get their money back? Or is it just a matter of serving a few years in prison? --- This should have been handled this way a long time ago. The market needs this kind of crackdown to serve as a warning. --- 4 billion... How many people's retirement savings have been lost? Sentencing him to 15 years feels too light.

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CrashHotline

· 12-12 01:58

15 years? This guy really went all out, losing $4 billion just like that --- The Luna incident was pretty outrageous, how many people went bankrupt directly --- Finally someone is in jail for this, about time --- Can the crypto community be properly regulated... every time we need to learn from bloody lessons --- Do Kwon really got caught this time, at least there's a sense of bottom line for 15 years --- But honestly, how many future offenders can this sentence scare --- $4 billion, oh my god, how desperate must those victims have been back then --- Just want to know if his money can still be recovered

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AirdropHunterXM

· 12-12 01:57

15 years, huh? This guy really went all out. That Luna wave directly wiped out so many people, they lost everything down to their underwear.

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StablecoinAnxiety

· 12-12 01:42

15 years, it's really dead now... I also got caught in the Luna wave. It seems that just surviving and getting out is already good enough.

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