Do Kwon's Guilty Plea and 12-Year Sentence in U.S.
Terraform Labs had $50B+ ecosystem.
UST used algorithmic LUNA mechanism.
Backdoor agreements and deceptive metrics found.
Kwon admitted to fraud and market manipulation.
Defense seeks 5-year sentence due to time served and South Korea.
Crash caused 2022 Crypto Winter.
Case compared to Sam Bankman-Fried and Alex Mashinsky.
1 month ago