Do Kwon, founder of Terraform Labs, was sentenced to 15 years in a US prison after pleading guilty to fraud related to the collapse of the TerraUSD stablecoin and LUNA cryptocurrency, which caused around $40 billion in losses worldwide. The case revealed that Kwon misled investors about how TerraUSD maintained its dollar peg, contributing to a major crypto market crash in 2022. Despite a $4.47 billion SEC settlement, investors are unlikely to recover most losses. The case highlights risks of algorithmic stablecoins and stricter EU regulations now prohibit such models.
The Do Kwon sentence is the subject here, providing context for readers interested in cryptocurrency markets. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Nov 10, 2026 19:44 WIB: out of 50 priced major cryptocurrencies, 30 rose and 19 fell today. Notable movers include SXP (Solar) down 46.27% at Rp37, ONE (Harmony) up 20.97% at Rp33 with 58% sell order activity, and BAL (Balancer) up 11.14% at Rp16.297.
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