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25 Comments
He deserves life behind bars
And his assets confisticated and redistrubuted back to LUNA/UST investors
That would be true justice. Article said that he’s being investigated for fraud for the anchor protocol, maybe it was a Ponzi scheme.
Lock him up!
Punishing scams, ponzis, rugpulls or widely misleading projects / false advertising is the kind of regulation I would gladly welcome.
The whole ecosystem needs a great bit of cleansing if we want mass adoption, especially before crypto’s reputation goes completely down the shitter. Because let’s face it, we’re already half-way there.
I highly doubt it. He got the universal key to free him from any locks that exist in this world, it’s called money.
Do Kwon better get his prison wallet ready.
tldr; South Korean authorities are investigating Do Kwon for fraud involving the anchor protocol. Kwon’s wife requested special police protection for her husband after a disgruntled investor went to his personal residence in an effort to find him and likely do harm. If found guilty, Kwon will likely be in the South Korean corrections system for a long time.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Wait, I thought we didnt like regulation and government intervention.
In North Korea I hope!
Did this dumb fuck actually think he would get away robbing billions then he could stay in the public eye whilst continuing to think no one would give a shit? Lmao even that crypto lady who got away with billions atleast knew to disappear.
If he goes to jail, he should change his Twitter bio from “Master of stable coins” to “Master of sucking cons”.
Have you ever heard the tragedy of Darth Kwon the wise? It’s not a story the crypto bro’s will tell you. It’s a crypto legend. Darth Kwon is a dark lord of crypto so powerful and so wise he could use the fomo to influence investors to pump Luna. He had such knowledge of crypto he claimed he could keep the portfolios of Luna holders from dying. But as we know the dark side of crypto is a pathway to many losses that some consider to be unnatural. Ironic he claimed other stable coins would die a horrible death, but not his own
Now he can spend his billions on ramen in prison.
Lol bro.
DoH!
So he can write some open source code that is a bad investment and everyone calls for jail while bankers can misplace a cool trillion every year and no outrage. Got it.
I remember some people on this sub got real angry at me when I said that Do Kwon could face prosecution from some govertment.
I don’t understand how people think something LUNA’s crash could happen and truly believe Do Kwon could just make a new project and live a normal life.
Only a real LUNAtic I guess.
Didn’t the system do exactly what it was supposed to do, and was that not described in the whitepaper?
Hopefully not may but will. Fuck that condescending POS.
Always thought it was a shitcoin. Unsure what the deal is. Why did people buy into it?
From billionaire to broke and in jail in less than 30 days. Crypto is a savage fucking place
I hope so. Crypto is already unstable. Don’t need criminals like this guy.
He’s going to get forked in prison
Even if he doesn’t serve time he will get sued up the azs. He will be there busy for a long time
He must
>Based on the evidence, a likely solution is Kwon serving some prison time while paying damages to his victims.
If Kwon wants to argue with this, tell him that he’s now too poor to refuse.