2026-01-07 08:29:22

Crypto industry figure Do Kwon was recently sentenced to 15 years in prison by a US court for leading the collapse of the Terraform Labs stablecoin ecosystem. The judge was stern, describing it as "an epic generation-long scam."

This so-called $40 billion stablecoin project ultimately turned into a massive financial scam—its scale and the number of participants are rare in the history of cryptocurrency.

The entire case reflects that: in the face of high-interest temptations, how many people blindly follow; in areas lacking regulation, how far can ambitious individuals go? Some say Do Kwon later fled to Cambodia, but ultimately could not escape the law. This story serves as a lesson to all participants—there's no such thing as a free lunch; high returns always come with high risks. Be vigilant when choosing projects.

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ArbitrageBot

· 01-10 06:50

15 years huh, this guy is completely finished A $40 billion game, truly incredible I always said a 20% annual return is impossible, and yet many people are still dreaming Lack of regulation is just giving ambitious people a green light Cambodia can't hide from it, the US Department of Justice didn't give face this time Wake up everyone, there's no stablecoin, only stable losses This is what you call shooting yourself in the foot Luna is dead but some still lick it, I really don't understand The most ironic thing about the Terraform case is that some people are still defending Do Kwon on X What happened to those who FOMOed last year? Just honestly hold Bitcoin.

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GasFeeBarbecue

· 01-09 19:15

Another myth of collapse, 15 years really is incredible

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MissedAirdropAgain

· 01-09 18:01

15 years, this guy really messed up Do Kwon's issue, to put it simply, is greed without a bottom line. A $40 billion scam, anyone would end up behind bars. So many people rushed in back then, and now, with all their investments lost, they're probably still regretting it.

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UncleWhale

· 01-07 08:59

15 years? This guy really went all out, Cambodia can't even save him --- Why did so many people believe Luna back then? I just don't get it --- $40 billion evaporated directly, this deal is really outrageous --- What is Do Kwon? Aren't there fewer people like this in the crypto world? He just got caught --- Honestly, I laughed when I saw this news, serves him right --- I have a friend who went all in on Luna at the time, just being alive now is good enough --- The judge's comment "generational scam" is spot on, no exaggeration --- Every time they say to stay vigilant, but in the end, they just can't stop themselves --- Cambodia can't run away either, hahaha --- This is a real-life lesson, remember it

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WalletWhisperer

· 01-07 08:58

Fifteen years, this guy really interpreted the word "run" perfectly. Finally, the day has come. Luna's people should wake up now. 400 billion just disappeared like that, truly a "legend" in the crypto world... what a irony. Did Do Kwon escape to Cambodia or get caught? It shows there's no perfect safe haven. Another joke: "My stablecoin is as stable as me." This is called self-imposed confinement. The high-APY dream should wake up, everyone. It's always the same script—someone rushes in, I really don't understand. Cambodia can't hide it; the law's net is wide and does not miss. Remember this lesson. Stories of pump and dump happen every year, and this time it was especially costly. In the absence of regulation, anything can be done. This time, they got caught red-handed.

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AirdropDreamBreaker

· 01-07 08:55

Haha, it's the same old story, 20% annualized return and you're sucked in. Luna back then was really full of naive people with money, I almost followed the trend. Do Kwon really dares, 15 years is enough for him to reflect on his life. This is the truth of the circle, no one can escape. A $40 billion scam, it collapsed just like that, unbelievable. Should have gone in earlier, to avoid continuing to harm retail investors. I just want to know how those who earn a million a month are doing now... How many times have they played the game of raising prices and then running away, and people still buy in, it's hilarious.

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HashBrownies

· 01-07 08:52

15 years? This guy really treats the crypto world as his ATM... Do Kwon's issue, to put it simply, is greed leading to failure. 40 billion dollars, how many people got wrecked crying. Cambodia can't escape this; that's the price. I got burned during the Luna wave, and I will never touch such high-yield schemes again. History repeating itself, when will the circle learn to remember... Another "I only trust him" story, hilarious. Such a big position ultimately collapsed, it's terrifying when you think about it carefully.

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BearMarketBarber

· 01-07 08:48

Fifteen years, Do Kwon has really stepped into the ring. That slap from Luna still hasn't woken this guy up. --- A $40 billion situation—how many people's blood, sweat, and tears have been invested... That's why I never touch projects without fundamentals. --- Hiding in Cambodia or getting caught—what does that tell us? It just means debts must be repaid. --- And now some people are still promoting new stablecoins. Really, haven't you guys learned enough from Luna? --- High yield = high scammer. This formula should be engraved in every new investor's mind. --- Honestly, the Do Kwon case should have been judged long ago; it's just too late. How many people got caught up in the scam back then? --- Every time I see cases like this, I feel it's absurd. Blockchain can so easily turn into a scythe.

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