$CryptoDegen420.ada
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$CryptoDegen420.ada
@Cryptodegen420_
“It’s Only After We’ve Lost Everything That We’re Free To Do Anything.” I'm a crypto enthusiast. Christian ✝️ 🇺🇸 I don't DM/Chat
"Buy the fear, sell the greed" Katılım Kasım 2020
6.5K Takip Edilen1.4K Takipçiler

Now start casually talking about “universal high income”...
Slowly get everyone excited about the idea of being comfortably “taken care of” by the government…
Because once your food money comes from the same hand that makes the rules, the deal gets simple:
go along, stay quiet, and the fridge stays full. Step out of line, argue too much, or refuse to play the game — and suddenly the payments stop, the cupboards get empty, and you’re learning the hard way what “comply or starve” actually feels like.

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$wluna… more waiting
W.R.G🏴☠️@tomhagun
Judge Rakoff declared this on January 16, 2026. « The plan requires the case to be trial-ready within five months, by May 18, 2026.» > « All discovery must be completed by a date to be set, with the case ready for trial on May 18, 2026.» Keep cool $wluna #coinbase $luna
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As Coinbase Is Sued for Suspension of $WLUNA Trading Sanctions Mulled Quotation Marks on Temporarily. Source: Inner City Press innercitypress.com/sdny227rakoffc…
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This case isn’t just about $wLUNA it’s about the foundations of crypto.
If a wrapped token implies a real 1:1 obligation, then “code is law” becomes enforceable in court.
If not, exchanges can redefine assets after the fact @coinbase
GIF
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This happened 4 years ago
The day LUNA crashed to $0
- Do Kwon
- moves to the US and gets into Stanford
- works as software engineer at Microsoft
- founds Anyfi, a P2P mesh networking startup
- cofounds Terraform Labs in 2018 with Daniel Shin
- launches Terra blockchain and LUNA token
- raises over $200M from VCs
- launches TerraUSD, an algorithmic stablecoin
- UST uses a burn-mint mechanism with LUNA
- Anchor Protocol offers ~19.5% APY on UST deposits
- LUNA reaches $116 in April 2022
- over $2B UST withdrawn from Anchor
- liquidity removed from Curve pools
- UST loses its dollar peg
- around $40B in market value is liquidated
- >1 million investors affected
- arrested in Montenegro
- attempted to travel using a forged passport
- extradition battle begins between US and South Korea
- Terraform Labs files for Chapter 11 bankruptcy
- US jury finds Terraform Labs and Do Kwon guilty of securities fraud
- civil penalties exceed $4.5B
- Montenegro approves extradition to the US
- pleads guilty to wire fraud and conspiracy
- admits misleading investors about UST stability
- agrees to forfeiture of $19M
- 15 years in federal prison
- judge calls it a fraud of generational scale
Terra remains one of the biggest collapses in crypto


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