But sadly their damage will never be fully reimbursed and Do Kwon will be a free man with millions and more sooner or later.
coinfeeds-bot on
tldr; Terraform Labs founder Do Kwon was sentenced to 15 years in prison for his role in the $40 billion collapse of Terra’s UST and LUNA. U.S. District Judge Paul Engelmayer reviewed 315 victim letters detailing severe impacts, including financial ruin, health crises, and suicides. Victims described losing life savings, facing bankruptcy, and enduring emotional and physical hardships. While some sought restitution over imprisonment, others demanded maximum penalties. The judge emphasized the fraud’s devastating human toll during sentencing.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
HSuke on
I wonder if they ever brought in the teams for Anchor Protocol, 3AC, Citadel, Curve Finance, etc to read victim letters.
They all had a bigger hand in this.
For every amount lost, someone else profited.
And it’s not like the victims themselves are free from blame for being greedy enough to chase after 10-40% interest platforms where they lost their assets.
hl2889 on
I was in an upbit conference in Jeju around 2017. This project was presented there.
2-3 Years later, his partner who had presented during the conference, was no longer involved in the project. Something to do with a shady past and deceitful practices. Smh
assasinine on
Seals what fate? This fucker only needs to buy about a million in TRUMP coin to get a pardon.
processwater on
There should be a polymarket on if this guy gets pardoned
tumtum on
Trump will pardon him in the near future
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Quite fitting.
But sadly their damage will never be fully reimbursed and Do Kwon will be a free man with millions and more sooner or later.
tldr; Terraform Labs founder Do Kwon was sentenced to 15 years in prison for his role in the $40 billion collapse of Terra’s UST and LUNA. U.S. District Judge Paul Engelmayer reviewed 315 victim letters detailing severe impacts, including financial ruin, health crises, and suicides. Victims described losing life savings, facing bankruptcy, and enduring emotional and physical hardships. While some sought restitution over imprisonment, others demanded maximum penalties. The judge emphasized the fraud’s devastating human toll during sentencing.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
I wonder if they ever brought in the teams for Anchor Protocol, 3AC, Citadel, Curve Finance, etc to read victim letters.
They all had a bigger hand in this.
For every amount lost, someone else profited.
And it’s not like the victims themselves are free from blame for being greedy enough to chase after 10-40% interest platforms where they lost their assets.
I was in an upbit conference in Jeju around 2017. This project was presented there.
2-3 Years later, his partner who had presented during the conference, was no longer involved in the project. Something to do with a shady past and deceitful practices. Smh
Seals what fate? This fucker only needs to buy about a million in TRUMP coin to get a pardon.
There should be a polymarket on if this guy gets pardoned
Trump will pardon him in the near future