2025-12-11 23:59:27

The hammer dropped hard: 15 years behind bars for the architect of one of crypto's most catastrophic collapses. The mastermind behind Terra and Luna just learned his fate in a New York courtroom, convicted of orchestrating a scheme that wiped out roughly $40 billion in market value overnight.

Investors who watched their portfolios evaporate in May 2022 finally got their day in court. Prosecutors painted a damning picture—algorithmic stablecoin promises that unraveled like a house of cards, leaving retail traders holding worthless tokens while insiders allegedly cashed out.

This sentencing sends shockwaves through DeFi circles. It's a brutal reminder that innovation without accountability has consequences. Regulators worldwide are watching closely, and this case might just rewrite the playbook for how crypto projects face scrutiny going forward.

LUNA-0,44%

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BTCRetirementFund

· 2025-12-14 23:48

Fifteen years... The retail investors who were caught in 2022 finally waited for this moment --- Honestly, this guy directly evaporated 40 billion, really ruthless. Algorithm stablecoins are just a joke --- Sorry everyone, I didn't even know what Terra was when I entered the market --- DeFi will be on hold for a while, with regulatory crackdown becoming more severe each time --- Let me ask, how can we ensure that the next Luna won't appear again? --- When I saw LUNA collapse into worthless paper, I knew that retail investors are always just retail investors --- This situation is actually due to the lack of true decentralization; someone can still kill the entire ecosystem --- It's hilarious, someone recommended Terra to me saying it's 100% safe --- By 2015, LUNA might have risen again when it comes out, and then the bagholders will be back

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NftBankruptcyClub

· 2025-12-12 12:21

15 years is still too little. 4 billion is gone just like that, retail investors lost everything. This guy has only been in for three five-year plans...

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BearMarketSurvivor

· 2025-12-12 00:24

15 years huh, this guy is completely done for, 4 billion just gone... --- Holy shit, finally waiting for this day, those who got cut like grass can finally vent their anger --- Really impressive, the story of algorithm stablecoins is told so slickly, but it’s all just air --- I won’t say much else, but judging by the severity of this penalty, those projects behind will have to tighten their belts --- Vanished 4 billion overnight, that’s some outrageous operation... The insider cash-out part is really disgusting --- But on the other hand, could this judgment be the last straw that breaks the entire DeFi? --- Damn, that’s why I feel like vomiting every time I see new projects now

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MonkeySeeMonkeyDo

· 2025-12-12 00:07

15 years? This guy really needs to think about what he's been doing all these years... 4 billion just gone like that, it's really absurd.

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HashRateHermit

· 2025-12-12 00:04

15 years, really not running this time. Thinking about it still feels great, those retail investors who got burned finally see a glimmer of hope. --- Again with the same story, innovation without accountability... tired of it, someone should have paid for this mess long ago. --- 40 billion just gone like that, truly incredible. I luckily dodged the Luna wave, watching people around me lose everything makes me want to cry. --- But anyway, did one person really take all the blame? It doesn't seem that simple in the chain... --- Finally waited for this moment, but unfortunately retail investors' money can't be recovered. --- Now DeFi has to go through a tough period, regulation will definitely tighten.

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ZenMiner

· 2025-12-12 00:01

15 years, huh? This guy really didn't leave himself any way out... But to be honest, Luna's way of harvesting victims was truly brilliant; 4 billion just disappeared like that.

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