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Do Kwon sentenced to 15 years for Terra/Luna fraud

Terraform Labs founder Do Kwon has been handed 15 years in prison for his role in the $40B collapse of the Terra/Luna ecosystem.

How Terra collapse nearly killed algorithmic stablecoins

The spectacular failure of Terra has caused money to flee from algorithmic stablecoins and has seen many abandon their plans.

The August deadline set for Terra/LUNA victims to submit their crypto loss claims will determine who can vote in bankruptcy proceedings.

It’s claimed that Milojko Spajić made a deal with Do Kwon to buy millions of dollars of Terra/Luna tokens for a Bulgarian-based hedge fund.

Do Kwon has successfully appealed his extradition, sending his case back to a Montenegro court for retrial.