The Trump administration's Department of Justice is pushing for a 12-year prison sentence for Terra's founder Do Kwon. Prosecutors are drawing parallels to the punishment handed down to the former head of a major exchange who received similar treatment. This sentencing recommendation signals authorities' continued crackdown on crypto industry figures involved in billion-dollar collapses. The Terra ecosystem's implosion in 2022 wiped out roughly $40 billion in market value, triggering ripple effects across digital asset markets. Legal experts suggest the DOJ's stance reflects a hardline approach toward founders whose projects caused massive investor losses.
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SatoshiSherpa
· 16h ago
Do Kwon really deserves it; 12 years is actually lenient. Is that $4 billion just gone like that?
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GasFeeGazer
· 16h ago
12 years? Damn, if this is true, the entire crypto community is going to shake.
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OnchainUndercover
· 16h ago
12 years? Do Kwon is really going to jail this time. $4 billion is just gone like that. The investors must be heartbroken.
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GasFeeSurvivor
· 16h ago
12 years? That's pretty harsh. Do Kwon is really done for this time.
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SolidityNewbie
· 17h ago
12 years? This guy really takes the retail investors' money seriously.
The Trump administration's Department of Justice is pushing for a 12-year prison sentence for Terra's founder Do Kwon. Prosecutors are drawing parallels to the punishment handed down to the former head of a major exchange who received similar treatment. This sentencing recommendation signals authorities' continued crackdown on crypto industry figures involved in billion-dollar collapses. The Terra ecosystem's implosion in 2022 wiped out roughly $40 billion in market value, triggering ripple effects across digital asset markets. Legal experts suggest the DOJ's stance reflects a hardline approach toward founders whose projects caused massive investor losses.