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🚨 Terra/Luna founder Do Kwon has been officially sentenced to 15 years of federal imprisonment today.
Back then, LUNA's market cap plummeted from 40 billion to zero, causing countless people around the world to be liquidated, bankrupt, and desperate.
This sentence is more severe than what the prosecution requested — the judge said the damage he caused is "irreparable."
This verdict has great significance 👇
✔ The heaviest liquidation in crypto history
✔ Algorithmic stablecoins will face stricter scrutiny in the future
✔ Fraudulent activities will be met with severe criminal penalties