Tag: Paul A Engelmayer

Terraform “Startup on Trial”: Do Kwon Sentenced to 15 Years After Judge Calls Terra Collapse an “Epic” $40B Fraud

Court Cases tamir -
A U.S. federal judge in Manhattan sentenced Terraform Labs founder Do Kwon to 15 years in prison, concluding that the TerraUSD/LUNA implosion was not a bad-product accident but a fraud that wiped out roughly $40 billion in market value and devastated real victims. The sentence lands as a defining “Startup on Trial” moment for crypto’s algorithmic-stablecoin era.