Breaking news!

There’s a new development in the Terraform Labs co-founder Do Kwon’s case—US prosecutors have officially submitted their sentencing recommendation, asking for 12 years. How big is this? When Terra and LUNC collapsed, $40 billion in market value evaporated, leaving countless retail investors with nothing.

From the algorithmic stablecoin crash in 2022 until now, this case has been a sore spot in the crypto community. The prosecutors are taking a tough stance—12 years isn’t just a random number. Do Kwon was previously arrested in Montenegro and has now been extradited to the US to face trial, so it looks like there’s no escape.

LUNC holders are probably feeling conflicted—they want accountability, but no sentence can recover their losses. The outcome of this case will set the tone for compliance across the entire industry.