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.

Crypto Mortgages: A New Path to Homeownership

Crypto-backed mortgages are here: Milo’s “dual‑collateral” loans let homeowners use Bitcoin or Ethereum as collateral to buy property without selling and triggering capital gains, keeping crypto upside while borrowing in fiat. It’s an enticing bridge between DeFi and traditional lending—but fast-moving price swings, custody, legal and tax complexities mean lenders, regulators and borrowers must navigate tight margin controls and new operational risks.

Milo Expands Crypto-Backed Mortgages Across 10 States

Milo is rolling out mortgages that let homebuyers pledge Bitcoin or Ethereum as collateral — without selling — underwriting 100% of the home while keeping crypto with approved custodians so borrowers can avoid immediate capital gains and stay exposed to upside. The model swaps upfront haircuts for custodial liquidation mechanics and tighter servicing, legal and compliance plumbing, meaning lenders absorb volatility differently and liquidation risk still looms. Read the full post to see how this experiment could reshape real-estate finance, custody demand and crypto liquidity dynamics.

Bitcoin Fuels Crypto-Backed Mortgages

From Bitcoin-collateral mortgages to "crypto-aware" underwriting, a growing set of lenders now lets buyers tap crypto holdings to buy homes without selling. These products use conservative LTVs, margin calls and regulated custodians to manage volatility—but bring tax, title, custody and forced-liquidation risks that could reshape who can use crypto for real estate and how those loans are priced and regulated; read on to see how they work, who they suit, and the hidden pitfalls.

Cardano Eyes Web Micropayments With X402 Protocol

Cardano is moving to add first‑class support for x402 — a chain‑agnostic spec that could make web‑scale micropayments as frictionless as an HTTP request. If developers, wallets and fee mechanics align, ADA could become a major settlement rail; if not, traffic may flow to faster or cheaper alternatives. Watch x402 integrations, micropayment volumes and per‑tx costs to see whether Cardano can capture the microtransaction wave.