Recently, the cryptocurrency world has exploded. Do Kwon, who once stirred the entire market and weaved wealth dreams with LUNA and Terra, has now been officially sentenced to 15 years in prison. The news is still fermenting, but the warning to the entire industry is already very clear.

Remember? Terra once attracted millions of investors. At that time, everyone was discussing this project and its founder, seemingly believing that holding LUNA could share the dividends of a new world. But reality gave us a loud slap.

There are three questions worth deep thinking behind this incident. First is the trust crisis. When the founder is judged by the judiciary, the trust chains that were once built are completely broken. Investors' expectations turn into disappointment, or even anger. Second is accelerated regulation. Financial regulatory authorities around the world are tightening scrutiny, and the so-called “barbaric growth” era has ended. DeFi and public chain projects must either adapt to new rules or exit. Third is a bigger warning—the hidden risks behind huge profits.

To be honest, making money in the crypto space is not impossible, but the approach must change. You can no longer just focus on price fluctuations, nor can you stake your entire life and assets on a single person or project. What you need is genuine risk control thinking—understanding the fundamental logic of projects, evaluating their actual market value, rather than being driven by FOMO emotions.

Three suggestions for everyone still hustling in the crypto world: Don’t let faith be your only support; prioritize risk management; spend time understanding market trends and the operational logic behind projects.

The story of LUNA from peak to trough is not a lesson of failure but a sign of the market’s maturity. There are no eternal winners in crypto—only participants who learn to avoid risks and stick to strategies.