2025-12-05 14:56:26

US prosecutors are pushing for a serious penalty in one of crypto's biggest fraud cases. They've recommended a 12-year prison sentence for Do Kwon, the guy behind Terraform Labs. Remember the TerraUSD disaster? That algorithmic stablecoin project spectacularly imploded back in 2022, wiping out roughly $40 billion in value and leaving countless investors burned.

The collapse sent shockwaves through the entire crypto market and triggered a broader downturn. Now prosecutors argue that Kwon's actions warrant over a decade behind bars. This case has been closely watched as a test of how authorities will handle major crypto fraud moving forward. The sentencing recommendation marks a significant step in holding key figures accountable for one of the industry's most devastating failures.

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BearMarketSunriser

· 12-06 00:08

12 years? I don't think that's harsh enough, this guy just evaporated $4 billion. --- Do Kwon deserves to be locked up for life, I'll never forget what happened with Luna. --- Finally, someone is going to pay the price for this disaster. Who's next? --- $4 billion is gone, is 12 years really enough... Whatever, he can't get away anyway. --- This is real protection for the crypto market, I support the prosecution. --- Why do we have to wait for the court's verdict, just convict him already. --- No one cared when Luna was dumping on retail investors, now they're finally taking it seriously. --- 12 years minimum? I think even 120 years wouldn't be too much, what about all those victims? --- That's why you should never trust algorithmic stablecoins, they're all scams.

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DegenWhisperer