Do Kwon, founder of Terra Luna, has been sentenced to 15 years in prison for orchestrating a $40 billion fraud tied to the Terra/LUNA collapse. The sentence exceeds prosecutors' 12-year request and follows his guilty plea. Meanwhile, the Terra community continues to support $LUNC , with Binance burning tokens monthly and builders advancing the ecosystem. Market reactions remain volatile as the ecosystem adjusts to this legal closure.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Do Kwon, founder of Terra Luna, has been sentenced to 15 years in prison for orchestrating a $40 billion fraud tied to the Terra/LUNA collapse. The sentence exceeds prosecutors' 12-year request and follows his guilty plea. Meanwhile, the Terra community continues to support $LUNC , with Binance burning tokens monthly and builders advancing the ecosystem. Market reactions remain volatile as the ecosystem adjusts to this legal closure.