The Southern District Court of New York gave Do Kwon a clear conclusion.
Due to systemic fraud in the collapse of Terra / Luna, he was sentenced to 15 years in prison, exceeding the 12 years originally proposed by the prosecution and far surpassing the 5 years sought by his lawyer.
This is a typical outcome:
Not the failure of the project itself, but the continuous lying, misleading the market, and manipulating structures, ultimately pushing the matter to a criminal level. The judge's words were very straightforward—he chose to lie and chose the wrong path.
If he did not plead guilty, the theoretical maximum sentence was 135 years; after admitting to two core charges, the sentence was compressed to a maximum of 25 years, ultimately landing at 15 years. This is already a relatively rational version that can be given within the system.
The real signal of this matter lies not in Do Kwon himself, but in a trend:
The crypto market is moving from a "result-oriented" approach to a "behavior-oriented" one.
Whether a project can succeed is one thing, whether it constitutes fraud is another, and the latter is beginning to be strictly settled.
In the future, he may still face judicial proceedings in South Korea.
For the industry, this is not about settling old accounts, but rather about the rules being rewritten clearly.$BTC
