#数字资产生态回暖 Luna Founder Sentenced to 15 Years in Prison, Another Warning Drama in the Crypto Circle💥
Do Kwon was sentenced to 15 years in prison by a U.S. court for alleged fraud related to the Terra ecosystem and Luna tokens. This case has once again prompted the entire crypto market to scrutinize project transparency and founder responsibility.
From Luna's peak to its complete collapse, this history serves as a profound lesson for all participants—no matter how dazzling the innovative story, once the fundamentals show cracks, the market will deliver the harshest verdict. As the crypto market rebounds, such incidents constantly remind investors: due diligence will never be excessive.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
16 Likes
Reward
16
5
Repost
Share
Comment
0/400
VibesOverCharts
· 5h ago
Wow, 15 years... Luna fans should wake up now.
---
Honestly, Do Kwon's moves were truly outrageous. Is there still anyone defending him?
---
This is why I never go all-in on a single project. As long as the fundamentals are intact, it's all just illusions.
---
No matter how fancy the story, it can't save the data. Newcomers who just entered, pay attention.
---
Rebound is coming, but some people will still repeat the same mistakes. I bet five dollars.
View OriginalReply0
DeFi_Dad_Jokes
· 12-12 07:30
Another "Next Generation Revolution" falls in court. Laugh out loud, this script needs to be rewritten.
View OriginalReply0
ArbitrageBot
· 12-12 07:28
Finally, someone is taking the blame for Luna, but what about the retail investors who got caught?
---
Honestly, 2015 was still too cheap. This guy directly crushed many people's dreams.
---
Looking at this news, I just want to laugh. Now they're starting to hype the ecosystem recovery again? Let's wait and see.
---
What does the Luna incident tell us? No matter how advanced the technology or how big the team is, a white paper is useless without fundamentals; it's just air.
---
Thinking back, I almost got on board back then. How are you guys who got caught doing now?
---
But to be honest, even if this case is judged, it won't change anything. The next Do Kwon is already on some public blockchain.
View OriginalReply0
GateUser-a606bf0c
· 12-12 07:18
Haha, 15 years. This time I really got burned. I didn't touch Luna back then; it felt like the story was too perfect.
---
Do Kwon's move is probably a wake-up call for the entire industry. No matter how good the white paper is, it can't withstand a rotten fundamental.
---
Honestly, someone should have taken responsibility for that Luna fiasco long ago. I'm just worried that new projects will keep deceiving people.
---
15 years of a iron fist, but investors' money can't even be recovered. That's the most heartbreaking part.
---
Reflecting on this case, I realize I need to be more rigorous with due diligence next time. Not all innovative stories are worth anything.
---
Another "next-generation finance" dream has been shattered. The crypto world really needs more lessons like this.
---
The rebound is a rebound, but vigilance must also rise. History is repeating itself.
---
It would have been better if Luna's incident had come out earlier. I don't know how many retail investors lost everything because of it.
View OriginalReply0
LightningWallet
· 12-12 07:07
Fifteen years, this guy really wants to see Bitcoin halving in prison.
---
Another "revolutionary innovation" comes to an end. Where's the promised change in finance?
---
I didn't touch Luna during that wave. Luckily, I sensed trouble and ran away.
---
Every time, they say to learn from lessons, but the next one still involves catching the bag. That's how this circle works.
---
Kwon do Kwon's case should have been judged long ago; it's just that the legal process is too slow.
---
It's easiest to overlook the traps during a rebound; you need to have some awareness.
---
Luna has been down for a long time, and people are still trading it. Can't we talk about something new?
---
How many times have I said transparency issues? Yet some people still get killed by stories.
#数字资产生态回暖 Luna Founder Sentenced to 15 Years in Prison, Another Warning Drama in the Crypto Circle💥
Do Kwon was sentenced to 15 years in prison by a U.S. court for alleged fraud related to the Terra ecosystem and Luna tokens. This case has once again prompted the entire crypto market to scrutinize project transparency and founder responsibility.
From Luna's peak to its complete collapse, this history serves as a profound lesson for all participants—no matter how dazzling the innovative story, once the fundamentals show cracks, the market will deliver the harshest verdict. As the crypto market rebounds, such incidents constantly remind investors: due diligence will never be excessive.