All this is BS. He was doing the same scam many other projects (even MicroStrategy) is doing - praying on users FOMO - as long as there are new users, old ones will profit. The main reason Terra project have to be killed was that it was the only project providing non-USD stable coins, which was a direct attack on USD dominance. So they made an example of him to discourage other projects going in this direction (non-USD stable coins).
>Kwon agreed in 2024 to pay $80 million as a civil fine and be banned from crypto transactions
Being banned from transacting cryptocurrency seems overly harsh. Like how Samy Kamkar was banned from using the internet. You can't really live a normal life without internet access anymore.
All this is BS. He was doing the same scam many other projects (even MicroStrategy) is doing - praying on users FOMO - as long as there are new users, old ones will profit. The main reason Terra project have to be killed was that it was the only project providing non-USD stable coins, which was a direct attack on USD dominance. So they made an example of him to discourage other projects going in this direction (non-USD stable coins).
Surprised the pardon isn’t in yet.
Takes a minute for the bribe to wend through the crypto network, no?
Depends if they were using Lightning network or having to buy Solana OrangeCoin?
Maybe he didn't have enough crypto left to buy sufficient Trump Coin?
Have fun staying (in) prison?
> U.S. District Judge Paul A. Engelmayer
Same judge who recently ordered the unsealing of the Epstein grand jury records.
>Kwon agreed in 2024 to pay $80 million as a civil fine and be banned from crypto transactions
Being banned from transacting cryptocurrency seems overly harsh. Like how Samy Kamkar was banned from using the internet. You can't really live a normal life without internet access anymore.
You can live a normal life without trading cryptocurrencies, that much is certain.
It seems like it could become overly harsh.
Probably not in his lifetime.