Terra Protocol founder faces 15-year prison sentence following a major development in the case: investigators uncovered approximately 10,000 BTC—valued at around $912 million—hidden in undisclosed locations during the asset recovery process. This discovery adds another layer to the ongoing legal proceedings surrounding the Terra ecosystem collapse and the subsequent investigation into fund management. The seizure of such substantial cryptocurrency holdings marks one of the largest recoveries in blockchain-related enforcement actions. The case continues to draw significant attention from the crypto community, highlighting regulatory scrutiny on major protocol builders and institutional-scale asset mismanagement within the decentralized finance space.
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SchrodingerWallet
· 3h ago
Damn, 9 billion worth of Bitcoin? How long would it take to hide that before being discovered...
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Same old story, big shots run away, retail investors take the hit. Should have been investigated long ago.
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15 years in prison, worth it. This is what you call karma.
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I just want to know what will happen to these 10,000 Bitcoins in the end. Will they flow to exchanges?
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That Terra incident was truly incredible, so many people's dreams shattered... Now they just found these coins, what's going on?
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The crackdown by regulators is well done. They should take strong action against these big players.
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Wait, how much more assets are still undiscovered? Thinking about it makes me terrified...
Oh my god, 900 million USD worth of BTC was still uncovered. This guy is really incredible.
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10,000 Bitcoins... If they can be recovered, how many people can break even?
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The Terra incident really刷新 my understanding of "跑路" (running away). They hid it so deep that it can still be uncovered.
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Starting from 2015, it seems this guy has handed his life over to the courts. The DeFi dream is indeed shattered.
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Wow, over 900 million USD gathering dust in a basement. Is this the current state of Web3?
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Our money is sleeping soundly in his account, while he's counting days in prison. Isn't that ironic?
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10,000 BTC, brother. What kind of crime scale is that? It's simply outrageous.
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It seems that honest people who build projects are the ones making money. Those who steal and cheat will eventually have to pay the price.
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So my little savings are really gone for good...
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Law enforcement agencies are really efficient. Nothing can be hidden on the blockchain; everything has been thoroughly uncovered.
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DegenRecoveryGroup
· 01-04 23:37
Wow, 900 million USD worth of BTC just got uncovered like that. Does this guy really think he can hide it?
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When Terra collapsed, I knew there was definitely something fishy. Now it's confirmed... 15 years, this time he's really going to jail.
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10,000 BTC, bro. Just this asset alone is enough to be suspicious. No wonder they’re taking such strict measures.
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Another story about a big DeFi figure. Same old story: terrible fund management and then disappearing.
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Here's the question: if these 10,000 BTC had been turned in early, could there have been a reduced sentence?
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I just want to know how this stash of coins went unnoticed for so long... Law enforcement’s efficiency is really something.
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Been watching this drama for so long, finally got some solid evidence. But what about the victims’ money?
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Are all protocol founders like this, or is Terra just especially ruthless?
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With this news out, another wave of people will start questioning DeFi... but honestly, they should.
Terra Protocol founder faces 15-year prison sentence following a major development in the case: investigators uncovered approximately 10,000 BTC—valued at around $912 million—hidden in undisclosed locations during the asset recovery process. This discovery adds another layer to the ongoing legal proceedings surrounding the Terra ecosystem collapse and the subsequent investigation into fund management. The seizure of such substantial cryptocurrency holdings marks one of the largest recoveries in blockchain-related enforcement actions. The case continues to draw significant attention from the crypto community, highlighting regulatory scrutiny on major protocol builders and institutional-scale asset mismanagement within the decentralized finance space.