Do Kwon Sentenced to 15 Years for Terra Collapse Fraud
Do Kwon handed a 15-year sentence after prosecutors say the UST/LUNA collapse wasn’t just a design failure but deliberate deception that wiped out about $40 billion and devastated retail investors. The verdict signals a new era of criminal accountability for crypto, raises urgent questions about algorithmic stablecoins and liquidity risk, and forces tougher expectations for disclosure, audits and exchange due diligence—read on for the mechanics, legal precedent and what investors and projects must learn.
Crypto Lawyer Ethics: Lessons from the OneCoin Scandal
Crypto law is a high-stakes crossroads where traditional duties collide with opaque tech and bad actors — the OneCoin scandal shows what can go horribly wrong. This post explains why lawyers must upgrade competence, perform enhanced due diligence, refuse to facilitate illicit flows, and adopt crypto-specific protocols (intake checks, blockchain tracing, clear engagement terms) to protect clients and reputations. Read on for practical steps, ethical pitfalls like lawfare, and the regulatory trends reshaping who can safely advise in token markets.
Do Kwon Sentenced as Terra Collapse Triggers Crypto Regulation Push
Do Kwon’s 15‑year sentence for the Terra collapse unleashed an immediate ~$40B market shock and laid bare the fatal failure modes of algorithmic stablecoins — even as LUNA oddly spiked 40% on headline-driven speculation. Regulators and investors are now pivoting to reserve-backed, auditable designs, and the clear takeaway for builders: provable collateral, enforceable governance and stress‑tested liquidity are non‑negotiable.
Trust Wallet Teams Up With Revolut for Instant, Zero-Fee Crypto Purchases Across Europe
Trust Wallet now lets Revolut customers across the EEA buy crypto instantly and fee‑free into their self‑custody wallets via Revolut Ramp — no intermediary custody, just straight fiat-to-on‑chain settlement. The move combines massive user bases and Revolut’s local payment/KYC rails to simplify on‑ramping, potentially driving more on‑chain activity — though long‑term impact depends on whether new buyers actually stay in self‑custody.
Do Kwon Sentenced to 15 Years in US Prison for Terra Collapse Fraud
Do Kwon was sentenced to 15 years after pleading guilty in the U.S. over the dramatic May 2022 collapse of TerraUSD and Luna — a de‑peg that wiped out roughly $40 billion in investor value and erased over $50 billion in market cap. The outcome, following an international manhunt and arrest in Montenegro, spotlights how algorithmic stablecoin design failures can spark liquidity spirals, cross‑border enforcement, and broader calls for tougher crypto regulation and more rigorous tokenomics.
Do Kwon Sentenced to 15 Years for TerraUSD Fraud
A New York court handed Do Kwon 15 years after he admitted misleading investors in the collapse of roughly $40 billion tied to an algorithmic stablecoin. The case exposes how incentive-based pegs, automated arbitrage and leverage can trigger cascading liquidity failures—and signals tougher enforcement, tighter stablecoin rules and a market-wide shift toward more transparent, predictable tokenomics.
Do Kwon Sentenced to 15 Years for $40B Crypto Fraud
Do Kwon, Terraform Labs co-founder, was sentenced to 15 years in U.S. federal prison after pleading guilty to conspiracy to defraud and wire fraud in a case prosecutors say triggered roughly $40 billion in investor losses and helped spark the 2022 crypto crash. His guilty plea, about $19.3 million in forfeited assets and what authorities call an unprecedented fraud expose how opaque protocol economics and deceptive operator incentives can turn one project's collapse into an industry-wide liquidity shock—yet fierce supporters remain and cross-border legal moves could see parts of his sentence served in South Korea. Read the full post to unpack the market mechanics, legal fallout and lingering loyalty behind one of crypto's defining scandals.
Kwon Sentenced to 15 Years for Terraform Labs Fraud
Do Kwon, co‑founder of Terraform Labs, was sentenced to 15 years in prison after pleading guilty to conspiracy to defraud and wire fraud over the collapse of the UST stablecoin and Luna token — a crash that erased roughly $40 billion and prompted 315 victim impact letters detailing lost homes and life savings. The judge called the case an epic, generational fraud; Kwon has agreed to forfeit $19.3 million and property, faces further charges in South Korea, and prosecutors may seek to have part of his sentence served there.
100% Crypto-Backed Mortgages: Home Financing With Bitcoin and Ethereum
Don’t sell your crypto to buy a home: Milo now underwrites mortgages secured by Bitcoin or Ethereum—including up to 100% financing—using a dual-collateral model and built-in volatility controls so holders can tap equity without triggering capital gains. It’s a game-changer, but margin-style triggers, forced-liquidation and custody/regulatory risks mean you’ll want to read the fine print before leaping in.
Crypto Collateral Sparks 100% Home Financing
Buy a house with Bitcoin—without selling it. New lenders (like Milo) let buyers pledge crypto as collateral to finance home purchases, preserving tax deferral and upside while managing volatility with lower LTVs, margin triggers and secure custody—though higher costs, tax, title and AML hurdles remain; if it scales, this market could unlock huge liquidity and even spawn securitized crypto-backed mortgages.
