Do Kwon's Sentencing and Its Ripple Effects on the Crypto Landscape
1. The Fall of an EmpireThe Terra ecosystem's dramatic collapse in May 2022, culminating in Do Kwon's 15-year prison sentence on December 11, 2025, represents a pivotal chapter in cryptocurrency history, erasing nearly $45 billion in market value and reshaping investor confidence globally. This event exposed vulnerabilities in algorithmic stablecoins and uncollateralized protocols, triggering widespread market contagion that affected lending platforms and exchanges alike. Before the crash, Terra