This man crashed $40 billion worth of crypto, then said it didn’t bother him.

he thought he’d get away with it.

Name: Do Kwon.
Year: 2021-2022.
He was running Terra/Luna, a cryptocurrency ecosystem worth $60 billion.

He told investors his stablecoin was safe.
He told critics they were too poor to understand.
He told the world he lived a fairly frugal life.

Meanwhile:
→ He lied about how UST maintained its $1 peg
→ He mocked economists who warned the design would fail
→ He said there’s entertainment in watching companies die 8 days before Luna died

All while running a casino.

May 2022: Luna collapsed from $80 to $0.0001 in 48 hours.
The peg broke. Panic.
$40 BILLION wiped out.

After the crash: “This doesn’t bother me. I live a frugal life.”
The court: “This was fraud executed with arrogance and total disregard for people.”
He fled to Montenegro with a fake passport.
2023: Arrested.
DEC 2025: Sentenced to 15 YEARS in US prison (Still faces 30+ years in South Korea.)

You can say you live a frugal life and don’t debate the poor.
But when $40 billion disappears, the tweets will bury you.

Were you holding Luna in May 2022?