Do Kwon’s Fall Finally Has a Number: 15 Years.
By Maxime Laurent · 2025-12-12 08:53
Do Kwon’s Fall Finally Has a Number: 15 Years.
From crypto messiah to prison time — Terra’s collapse now ends with a sentence, not a chart.
I still remember May 2022 like a bad hangover. The sun was out here in the south, birds singing, and on my screen $UST was dying in slow motion. Peg… unpeg… panic. Billions evaporating while Twitter screamed and Discords went silent.
Do Kwon wasn’t just running a protocol. He was running a story. Confidence, bravado, memes, promises of “algorithmic magic.” And for a while, it worked. Until it didn’t. And when it broke, it broke brutally — $40 billion gone, families wrecked, trust shattered 😶🌫️
Now 15 years. At least half in the US, then likely more charges waiting in South Korea. No redemption arc, no comeback tour. Just cold walls and time to think.
This is the part of crypto nobody likes to romanticize. Code is neutral, but humans aren’t. And when ego meets leverage, the ending is rarely poetic. C’est la vie.
Let this one stay as a reminder: decentralization isn’t about loud founders. It’s about systems that survive even when people fail.
#Crypto #Terra #LUNA #UST #DoKwon #CryptoHistory #LessonsLearned
From crypto messiah to prison time — Terra’s collapse now ends with a sentence, not a chart.
I still remember May 2022 like a bad hangover. The sun was out here in the south, birds singing, and on my screen $UST was dying in slow motion. Peg… unpeg… panic. Billions evaporating while Twitter screamed and Discords went silent.
Do Kwon wasn’t just running a protocol. He was running a story. Confidence, bravado, memes, promises of “algorithmic magic.” And for a while, it worked. Until it didn’t. And when it broke, it broke brutally — $40 billion gone, families wrecked, trust shattered 😶🌫️
Now 15 years. At least half in the US, then likely more charges waiting in South Korea. No redemption arc, no comeback tour. Just cold walls and time to think.
This is the part of crypto nobody likes to romanticize. Code is neutral, but humans aren’t. And when ego meets leverage, the ending is rarely poetic. C’est la vie.
Let this one stay as a reminder: decentralization isn’t about loud founders. It’s about systems that survive even when people fail.
#Crypto #Terra #LUNA #UST #DoKwon #CryptoHistory #LessonsLearned
Disclaimer: This content is for informational purposes only and not financial advice.