CRYPTO MECHANIC
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Terraform Labs co-founder Do Kwon has been sentenced to 15 years in prison after pleading guilty to fraud conspiracy in the $40B TerraUSD collapse.
I think he deserves it. I remember that day clearly it was the worst single-day loss I have ever experienced.
Thankfully, I managed to bounce back, but I know many people who were financially ruined. Many of my friends lost six figures on it.
But it also became a major lesson in my trading career:
Never rush blindly.
Always find the reason behind why a token is suddenly crashing.
Never go too deep into a coin, no matter how big the “discount” looks.
I think he deserves it. I remember that day clearly it was the worst single-day loss I have ever experienced.
Thankfully, I managed to bounce back, but I know many people who were financially ruined. Many of my friends lost six figures on it.
But it also became a major lesson in my trading career:
Never rush blindly.
Always find the reason behind why a token is suddenly crashing.
Never go too deep into a coin, no matter how big the “discount” looks.
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