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![BitKing_1 Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1266796172259311619.png) BITKING [@BitKing_1](/creator/twitter/BitKing_1) on x 36.8K followers
Created: 2025-07-17 10:00:08 UTC

3/9

Terra/Luna: Do Kwon (2022)

Built an algorithmic stablecoin that promised to "decentralize money."

In May 2022, it crashed—$45B wiped in a week.

→ Do Kwon fled
→ Used a fake passport
→ Arrested in 2023
→ Trial set for Jan 2026
→ Faces multiple fraud charges

![](https://pbs.twimg.com/media/GwDPXHFW0AEN8y3.jpg)

XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1945785582401073502/c:line.svg)

**Related Topics**
[jan](/topic/jan)
[$45b](/topic/$45b)
[money](/topic/money)
[coins stablecoin](/topic/coins-stablecoin)

[Post Link](https://x.com/BitKing_1/status/1945785582401073502)

[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]

BitKing_1 Avatar BITKING @BitKing_1 on x 36.8K followers Created: 2025-07-17 10:00:08 UTC

3/9

Terra/Luna: Do Kwon (2022)

Built an algorithmic stablecoin that promised to "decentralize money."

In May 2022, it crashed—$45B wiped in a week.

→ Do Kwon fled → Used a fake passport → Arrested in 2023 → Trial set for Jan 2026 → Faces multiple fraud charges

XXX engagements

Engagements Line Chart

Related Topics jan $45b money coins stablecoin

Post Link

post/tweet::1945785582401073502
/post/tweet::1945785582401073502