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

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).

Surprised the pardon isn’t in yet.

Have fun staying (in) prison?

> U.S. District Judge Paul A. Engelmayer

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

>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.