TerraUSD creator Do Kwon sentenced to 15 years over $40B crypto collapse

42 pointsposted 2 months ago
by 2OEH8eoCRo0

11 Comments

zh

a month ago

All this is BS. He was doing the same scam many other projects (even MicroStrategy) is doing - praying on users FOMO - as long as there are new users, old ones will profit. The main reason Terra project have to be killed was that it was the only project providing non-USD stable coins, which was a direct attack on USD dominance. So they made an example of him to discourage other projects going in this direction (non-USD stable coins).

techblueberry

2 months ago

Surprised the pardon isn’t in yet.

treetalker

2 months ago

Takes a minute for the bribe to wend through the crypto network, no?

vgeek

2 months ago

Depends if they were using Lightning network or having to buy Solana OrangeCoin?

user

2 months ago

[deleted]

tim333

2 months ago

Maybe he didn't have enough crypto left to buy sufficient Trump Coin?

treetalker

2 months ago

> U.S. District Judge Paul A. Engelmayer

Same judge who recently ordered the unsealing of the Epstein grand jury records.

ycombinatrix

2 months ago

>Kwon agreed in 2024 to pay $80 million as a civil fine and be banned from crypto transactions

Being banned from transacting cryptocurrency seems overly harsh. Like how Samy Kamkar was banned from using the internet. You can't really live a normal life without internet access anymore.

alsetmusic

2 months ago

You can live a normal life without trading cryptocurrencies, that much is certain.

DANmode

2 months ago

It seems like it could become overly harsh.

Probably not in his lifetime.