12 Years For Do Kwon US Prosecutors Say LUNA Was Worse Than FTX
The US prosecution is drawing a critical line in the sand. They are demanding a 12-year sentence for Terraform Labs founder Do Kwon, arguing that the destruction caused by the Terra collapse—the $50 billion meltdown of UST and $LUNA—exceeds the damage done by FTX, Celsius, and OneCoin combined.
This goes far beyond individual punishment; it is about setting a monumental, global precedent. Kwon's defense is seeking five years, but prosecutors insist a heavy sentence is necessary to deter future architectural frauds relying on hidden trading agreements and misleading data. The industry needs to watch the December 11 sentencing closely. The outcome defines the new risk threshold for decentralized finance founders and solidifies severe regulatory accountability for massive market failures. This is a tectonic shift for $LUNA investors and the broader crypto ecosystem.
This is not financial advice.
⚖️
