news · Tokens & NFTs
Terraform case: Do Kwon sentenced to 15 years in December 2025
The sentencing account describes false claims about UST stability, decentralisation and control of reserves.
Terraform Labs, UST and LUNA
Project dossier · EN coverage
The evidence in one view: source records, cited claims and the editions that put them into context.
Tokens & NFTs · Source record: Dec 11, 2025 · Checked: Oct 23, 2026
- Cited claims
- 3
- Source records
- 3
- Related editions
- 3
What the evidence supports
Only claims cited in the visible editions appear here. Each retains its own evidence status.
- Adjudicated finding
DOJ's December 2025 sentencing announcement reports Do Kwon's 15-year sentence and describes concealed trading-firm support for UST's May 2021 peg restoration.
Supporting excerpt: Crypto-Enabled Fraudster Sentenced For Orchestrating $40 Billion Fraud
sentenced to 15 years in prison
Crypto-Enabled Fraudster Sentenced For Orchestrating $40 Billion Fraud ↗ - Source reported
ESMA states that the EU-wide MiCA transitional period ended on 1 July 2026.
Supporting excerpt: ESMA statement on the end of MiCA transitional periods
1 July 2026
ESMA statement on the end of MiCA transitional periods ↗ - Source reported
EU supervisory authorities advise checking provider authorisation and warn that protection depends on the asset and service.
Supporting excerpt: EU Supervisory Authorities warn consumers of risks and limited protection for certain crypto-assets and providers
check the provider of crypto-asset services is authorised in the EU
EU Supervisory Authorities warn consumers of risks and limited protection for certain crypto-assets and providers ↗
Source register
Related coverage
analysis · Tokens & NFTs
UST's recovered peg was an outcome, not proof of its mechanism
The Terraform record shows why observing a price is different from verifying the process claimed to support it.
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How to question an algorithmic stablecoin's stability claim
Write down the mechanism, external support and failure conditions before treating a stable price as evidence of resilience.