2025-12-12 06:20:44

U.S. prosecutors recommend a 15-year prison sentence for Do Kwon, the core figure behind the collapse of the Terra ecosystem

The crash of LUNA was far more than a simple price plunge; the chain reaction it triggered swept through the entire crypto industry:

• The FTX exchange collapsed under pressure, wiping out approximately $40 billion in assets
• The viability of algorithmic stablecoins was fully questioned, causing investor confidence to plummet instantly
• The entire cryptocurrency market entered a prolonged bear market cycle

This case could become a landmark event in the history of crypto regulation. From technological innovation to judicial trials, Do Kwon's experience serves as a warning to the entire industry: innovation must be accompanied by risk management, and any financial experiment must be responsible to investors. The 15-year prison recommendation reflects regulatory authorities' zero-tolerance attitude toward fraud in the crypto space.

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GrayscaleArbitrageur

· 5h ago

15 years, this guy really ruined the industry... Kwon should be sentenced, but the problem is how many other Kwons are still lurking in the shadows. It's considered stable but has been completely messed up; who dares to touch it now? FTX, Luna, one after another, investors suffer huge losses—this is the price. Regulation came a bit late... why didn't it come earlier? The real reflection should be on why so many people got caught up. The entire 2022 was basically the "clearing year" for the crypto world. Don't just blame him; what about the institutions that supported him? It's a pity that some technologies, which were originally on the right track, were ruined by greed.

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Degen4Breakfast

· 12-13 04:27

15 years? Damn, this guy really treats investors as fools. After the incident with LUNA, he directly blew up the entire ecosystem. Does he even have the face to run? --- To put it simply, what Kwon did is just a high-level scam, and he has to wrap it up with some "technological innovation." It's funny. --- Wait, FTX is really crazy... How many years do these two add up to? --- Honestly, 15 years is a bit light. Just look at how many retail investors lost everything. --- Another "great vision" that ultimately turned into a major scam. Does Web3 still want to whitewash this? --- Do Kwon deserves it, but the problem is, how many more Kwons are out there on the road? --- I just want to know, where did that 40 billion actually go?

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ShibaMillionairen't

· 12-12 06:48

15 years? I think it's more than that. This guy has taken too much blame for LUNA. --- As for the do kwon incident, honestly, it was playing with heartbeat under the guise of innovation, but in the end, the heartbeat stopped. --- Wait, FTX also collapsed? That year, the crypto world was really a series of lightning strikes. --- The stablecoin model is inherently fragile, yet some still tout it as a savior... --- A 15-year sentence isn't unfair; someone has to pay for this round of chaos where everyone is cutting leeks. --- The funniest thing is that some people are now calling for the next opportunity in algorithmic stablecoins. Truly forgetful. --- Honestly, this case should serve as a warning to the entire industry. Otherwise, everyone feels the law can't touch them. --- It's good to say that innovation must be responsible, but in reality... how many project teams have really been serious? --- Regarding do kwon fleeing, I thought he disappeared on the other side of the internet, but it turns out he was caught. --- It's all investors' greed. Don't they think about the risks of high returns?

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0xDreamChaser

· 12-12 06:47

15 years? I think that's a bit heavy, but then again, this guy indeed ruined a bunch of people. --- Do Kwon's actions directly shattered the credibility of the entire industry. The judge must consider harsher penalties. --- Algorithm stablecoins are originally a pseudo-proposition; now they've all been smashed. --- Still dare to talk about innovation? This is just financial fraud that directly gambles on human greed. --- $40 billion just disappeared like that. As an investor, I would go crazy too. --- Wait, hasn't this case been judged yet? The suggested 15-year sentence is really still a long way off from prison. --- I didn't touch Luna back then, always felt it was too risky. Looks like my instincts were right. --- The attitude of the regulators is correct, otherwise these people would keep causing trouble one after another. --- To be honest, if Do Kwon really goes to jail, those project founders afterward will have to tone it down.

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MEVictim

· 12-12 06:43

15 years? How much of people's hard-earned money did this guy pour in... Do Kwon's recent moves have directly drained the entire ecosystem, and he still dares to run away—serves him right Algorithmic stablecoins are just a Ponzi scheme in disguise, it was about time to investigate The chain reaction from the FTX incident was truly unprecedented, one after another explosions If these penalties are truly enforced, it will serve as a warning to the industry Conducting financial experiments also requires some basic bottom line, everyone I think Do Kwon getting 15 years is not unjustified; it was about time for this

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fren_with_benefits

· 12-12 06:37

Do Kwon really blew up the entire ecosystem; 2015 is not an injustice. The hype back then now comes with a heavy price. The Luna incident is still a warning—without risk control, innovation is just gambling. This guy should go inside and reflect. How long will it take for the crypto community to restore trust? Do Kwon has really screwed over the entire industry.

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PumpDetector

· 12-12 06:33

ngl, reading the tea leaves here... 15 years feels like they're making an example. but do kwon? dude literally thought he could code his way out of basic econ. that's not innovation, that's hubris on steroids. luna was always gonna implode once the smart money stopped feeding it. called it back in 2021 tbh

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