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TerraUSD creator Do Kwon sentenced to 15 years over $40B crypto collapse (reuters.com)
zh 44 days 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 58 days ago [-]
Surprised the pardon isn’t in yet.
treetalker 58 days ago [-]
Takes a minute for the bribe to wend through the crypto network, no?
vgeek 58 days ago [-]
Depends if they were using Lightning network or having to buy Solana OrangeCoin?
58 days ago [-]
tim333 57 days ago [-]
Maybe he didn't have enough crypto left to buy sufficient Trump Coin?
wave_function 58 days ago [-]
Have fun staying (in) prison?
treetalker 58 days ago [-]
> U.S. District Judge Paul A. Engelmayer

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

ycombinatrix 58 days 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 58 days ago [-]
You can live a normal life without trading cryptocurrencies, that much is certain.
DANmode 57 days ago [-]
It seems like it could become overly harsh.

Probably not in his lifetime.

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