40 Billion Vanished And Kwon Gets 15 Years

01/01/2026 9 min

Listen "40 Billion Vanished And Kwon Gets 15 Years"

Episode Synopsis

Do Kwon just got fifteen years for vaporizing forty billion dollars through his TerraUSD stablecoin scam that he propped up with secret cash injections while telling investors the algorithm fixed itself. A million people lost everything—retirement savings, college funds, decades of work—while prosecutors literally said determining restitution would be too complicated, so victims aren't getting their money back. His co-founder Daniel Shin isn't even mentioned in charging documents and regulators are somehow not being questioned about how they missed a forty billion dollar crater forming in real time.