40 Billion Vanished And Kwon Gets 15 Years
01 January 2026

40 Billion Vanished And Kwon Gets 15 Years

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Do Kwon just got fifteen years for vaporizing forty billion dollars through his TerraUSD stablecoin scam that he propped up with secret cash injections while telling investors the algorithm fixed itself. A million people lost everything—retirement savings, college funds, decades of work—while prosecutors literally said determining restitution would be too complicated, so victims aren't getting their money back. His co-founder Daniel Shin isn't even mentioned in charging documents and regulators are somehow not being questioned about how they missed a forty billion dollar crater forming in real time.