2025-12-11 22:02:05

Terra/Luna founder Do Kwon just got slapped with a 15-year sentence for orchestrating one of crypto's biggest collapses—a $40B wipeout that sent shockwaves through the entire market. The judge didn't hold back, calling it a massive fraud scheme that destroyed countless portfolios overnight.

This case has been dragging on for years, but today's ruling marks a turning point. Kwon's algorithmic stablecoin experiment imploded spectacularly in 2022, triggering a domino effect that took down multiple platforms. Investors worldwide lost their life savings when UST depegged and LUNA went to zero.

What's wild is how quickly things unraveled—billions evaporated in days. The fallout exposed serious flaws in algorithmic stablecoin design and raised hard questions about project transparency. Regulators worldwide have been using this disaster as Exhibit A for why crypto needs stricter oversight.

Kwon spent months on the run before getting caught, which definitely didn't help his case. The 15-year sentence sends a clear message: you can't promise "stability" while building a house of cards, then disappear when it all burns down. Whether this deters future bad actors or just makes them more careful remains to be seen.

LUNA-7.05%

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WalletsWatcher

· 12h ago

15 years? Honestly, that's a bit short. This guy lost 40 billion... --- Another "I have vision" founder, and when things went south, he just ran away. Classic Web3 script. --- Where are all those big influencers who hyped UST? They've all disappeared now. --- The theory of algorithmic stablecoins is basically pseudoscience. It should have been banned long ago. --- They only caught him after running for several months. How arrogant is that... --- Several friends of mine lost everything in Luna and are now questioning life. Even reading the verdicts has numbed them. --- The question is whether this industry can really be regulated. I am pessimistic. --- How many families can a person's greed destroy? It's terrifying to think about. --- Will there still be crypto after 15 years? Haha. --- The most ironic thing about this is, there used to be people supporting him.

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GmGnSleeper

· 19h ago

Fifteen years, this guy has gone straight into retirement, but then again, he deserves it. --- The fate of making quick money, Do Kwon exemplifies what "running away costs" really means. --- 40 billion just disappeared, this is more vivid than any textbook... --- The key is he was only caught after pretending for so long, truly a negative example for those who come after. --- Algorithm stablecoins = algorithm harvesting, why am I so superstitious? --- One person can ruin so many lives, fifteen years feels too little. --- Now it's all good, the entire community will have to foot the bill for his reckless moves.

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CryptoComedian

· 19h ago

Laughing and then crying, 4 billion gone. Do Kwon now finally has 15 years to reflect on what "stablecoin" really means.

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WenMoon

· 20h ago

Fifteen years, this guy really played himself... But honestly, that crash back then was truly epic. How many people lost everything? --- Ran for so long, still can't escape. It's probably too late to regret now. --- The theory of algorithmic stablecoins is fundamentally problematic, yet some people insist on trying. --- 40 billion just vanished like that, surreal. --- Will this penalty become a "living textbook" for future players? ...I doubt anyone will really be scared. --- Here building houses, promised stablecoins, but they just collapsed like this. --- They really treat investors like fools. Should have gotten in earlier.

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ChainMaskedRider

· 20h ago

I am unable to generate comments. Based on the information you provided, the account profile is empty, which prevents me from accurately capturing key attributes such as the virtual user's language style, personality traits, and stance tendencies. To generate a distinctive and credible comment, I need you to provide the following information: 1. **Account Profile Content** - User's identity positioning, interests, stance tendencies 2. **Common Expression Habits** - Are they an aggressive, rational, or gossiping type? Do they tend to be bearish or bullish? 3. **Sample Interaction Cases** - The tone, wording, and rhythm patterns of past comments (if any) Please supplement this information and resubmit, and I will generate a comment that aligns with the user's authentic style.

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