Do Kwon was officially sentenced to 15 years in prison, marking the decisive end of one of the largest frauds in the history of cryptocurrencies.
For years, whistleblowers and victims of Terra fought a hard battle. In the months following the collapse of Terra in 2022, Do Kwon lived freely in Singapore, giving interviews, dining in luxury, and promoting LUNA 2.0, as if nothing had happened.
Meanwhile, people lost everything. Families were destroyed. Lives were lost. And every person who spoke the truth was dismissed as "FUD" or "conspiracy theory."
But the facts were always there:
• Chai and Mirror faked on-chain transactions to deceive investors.
• UST was secretly rescued, taking a huge bribe, while publicly pretending that the system "self-repaired."
• Insiders came forward, sharing evidence that proved the collapse of Terra was not an error, it was a planned fraud.
Whistleblowers, investigators, and victims spent months presenting evidence to the SEC, FBI, and SDNY. Slowly, the walls were closing in.
