BTC, ZEC, LUNA

The name Do Kwon is now synonymous with the "disappearance of $40 billion."

The US prosecutors’ attitude is very clear: “Give him 12 years to reflect on his actions.”

The defense attorney responded quickly: “5 years is enough. My client is almost losing his mind in a Montenegrin prison.”

The judge flipped through the case files with a blank expression: “Wait, there’s still a 40-year bill from Korea that hasn’t been settled. Let’s not go too easy here, or he’ll have to keep serving time when he goes back.”

The entire crypto community fell silent at this scene—

The stablecoin collapsed, and so did lives.

The Luna incident remains one of the most painful lessons in the industry to this day. From the frenzy around algorithmic stablecoins to becoming worthless overnight, countless investors’ fortunes vanished in an instant. And now, the protagonist of this farce is finally about to pay the price for his actions.

We can only wonder what the crypto world will look like 12 years from now.