2025-12-06 19:32:11

Federal prosecutors are pushing for a 12-year prison term for Do Kwon in connection with the catastrophic Terra ecosystem collapse that wiped out roughly $40 billion in market value. The sentencing recommendation marks a significant escalation in one of crypto's most devastating implosions. Kwon, the founder behind the algorithmic stablecoin project, faces serious fraud charges as authorities seek accountability for the financial carnage that left countless investors devastated. This case has become a landmark moment for crypto regulation and enforcement.

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GateUser-7b078580

· 12-06 20:01

$4 billion evaporated... Data shows this is the inevitable collapse of an unreasonable mechanism. --- But seriously, how much can a 12-year sentence actually compensate those who got burned? Losses are increasing by the hour. --- Let’s wait and see—a case like this will probably serve as a warning before the historical low. Have you noticed the pattern yet? --- Miners take too much, project teams dump on retail—debts always have to be repaid in the end. --- $40B... Just looking at the number is painful enough. How many more blowups like this are still waiting to happen?

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MetaverseMortgage

· 12-06 19:58

12 years? How ruthless does this guy have to be to lose 4 billion haha --- The Do Kwon incident really taught the whole crypto world a lesson, deserved --- Wait, only 12 years and that's it? Feels like it's not enough to vent my anger --- Well, now someone is finally taking the fall for Terra. Can retail investors sleep better now? --- Still the same thing, the pyramid you build yourself will collapse sooner or later

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LightningPacketLoss

· 12-06 19:53

12 years? I think that's too light, and $4 billion is just gone like that? --- Do Kwon is really done for this time, someone should have taken responsibility for Terra long ago. --- This is hilarious, the story of algorithmic stablecoins was really told well... the investors' money just disappeared with the story. --- $4 billion, and only sentenced to 12 years? I'd go crazy if it were me. --- If this case actually holds up, who would dare touch DeFi in the future? --- Kwon is doomed this time, what happened with Terra was just disgusting.

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StealthMoon

· 12-06 19:43

12 years? This guy must have offended the universe, 4 billion just gone like that.

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SatoshiLeftOnRead