🚨 CONFIRMED: Do Kwon, creator of TerraUSD (UST) and LUNA, was sentenced to 15 YEARS IN PRISON for fraud.
💣 CLEAR FACTS (NO SMOKE):
• ✅ Admitted to having deceived investors about the stability and actual functioning of TerraUSD.
• 💥 The collapse of UST/LUNA wiped out ~40 BILLION DOLLARS from the crypto market.
• ⚖️ Sentence issued in the U.S. for charges of electronic fraud and conspiracy.
• 🧾 In addition to prison, he faces million-dollar confiscations.
• 🌍 South Korea also has open charges against him.
📉 TRANSLATION TO MARKET LANGUAGE:
It was not “bad luck” or “market failure.” It was proven fraud in court. One of the biggest crypto scandals ends with a tough sentence and a clear precedent: promising false stability is very costly.
