Judge's Impactful Letters Expose Terra Collapse's Human Cost
Update: 2025-12-13
Description
Judge Paul Engelmayer highlighted the devastating impact of the Terra crypto collapse, which saw forty billion dollars vanish and affected potentially millions of people. During Terraform Labs founder Do Kwons sentencing, the judge revealed he had read three hundred fifteen letters from victims detailing their personal tragedies, including bankruptcy, health crises, and even suicide. Kwon declined to read the letters, but will have ample time to do so after receiving a fifteen-year prison sentence. The letters reveal the profound human cost of the fraud, with victims sharing heartbreaking stories of financial ruin and personal loss.
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