🚨 JUST IN: Terra Luna Founder Do Kwon Sentenced to 15 Years in Prison.
🇺🇸 The United States has officially sentenced Terraform Labs founder Do Kwon to 15 years in federal prison over the historic collapse of TerraUSD (UST) and LUNA, a disaster that wiped out an estimated $40bn in market value and triggered a global crypto meltdown.
⚖️ Court documents show that Kwon pleaded guilty earlier this year to fraud related charges after prosecutors revealed he misled investors about the stability of $UST and secretly propped up the token’s price using hidden trading support.
🌎 The judge condemned the scheme as one of the most damaging in #crypto history, noting billions in losses and life changing financial harm suffered by victims worldwide.
💵 🇰🇷 Do Kwon was also ordered to forfeit over $19M, with potential additional actions still pending in South Korea.
⏰ This sentencing marks a major milestone in crypto regulation, sending a clear message that accountability in the blockchain space is no longer optional.
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