12月12日，区块链平台Terraform Labs及其韩裔联席创办人兼前舵手权渡衡(Do Kwon)，创办的TerraUSD 和Luna币在2022年发生400亿美元崩盘事件，就欺诈指控受审被判刑15年。纽约联邦法官Paul Engelmayer在宣判时形容这是"史诗级、跨世代的诈骗"。Paul Engelmayer表示，在联邦检控历史上，很 少有案件比所构成的金钱损失更严重。检方原本要求判处12年刑期，但最终给出15年更重的量刑。权渡 衡今年8月在法庭承认串谋欺诈及电汇欺诈罪名。 检方指出，权渡衡夸大UST自动修复能力，并宣称韩国支付平台Chai采用Terra区块链，实际并无整合， 并以锚定协议(Anchor Protocol)高达20%收益吸金，依赖补贴支撑，被法院定调为庞氏模式。权渡衡曾 逃亡到新加坡，再持假护照入境黑山(Montenegro)被捕，及后引渡至美国，他曾称于黑山被监禁近两年 几乎完全与外界隔绝。 美股频道更多独家策划、专家专栏，免费查阅>> 责任编辑：栎树 资料显示，权渡衡创立的Terraform Labs推出加密货币TerraUSD，宣传其为稳定币，标榜与美元"一兑 一"的稳定币Te ...

Core Insights - Do Kwon, once a prominent figure in the cryptocurrency world, has become the central figure in one of the largest financial fraud cases in history, facing significant legal consequences for misleading investors and causing substantial financial losses [3][4][100]. Group 1: Background and Rise - Do Kwon was born in Seoul in 1991 to a middle-class family, showing exceptional intelligence from a young age, particularly in mathematics [8][10][9]. - He attended one of Korea's elite high schools and later graduated from Stanford University, where he was influenced by the entrepreneurial culture of Silicon Valley [11][15][20]. - After returning to Korea, he founded Anyfi in 2016, which aimed to disrupt the telecommunications industry using blockchain technology, but the project ultimately failed [21][25][27]. - In 2018, he co-founded Terraform Labs in Singapore, focusing on creating an algorithmic stablecoin system with TerraUSD (UST) and Luna tokens [28][31][30]. Group 2: Business Model and Expansion - The Terra ecosystem was designed to maintain UST's peg to the US dollar through a dual-token mechanism, which Kwon described as a revolutionary approach to currency [32][35][40]. - By the end of 2020, UST's market capitalization reached several hundred million dollars, and Kwon was recognized as a pioneer in algorithmic stablecoins [40][41]. - In 2021, Kwon launched the Anchor Protocol, promising unsustainable high yields, which attracted significant investment but was fundamentally flawed [43][49][48]. Group 3: Downfall and Legal Issues - The collapse of the Terra ecosystem began in May 2022, leading to massive financial losses for investors, estimated at $40 billion, and triggering regulatory investigations [68][75][77]. - Following the collapse, Kwon attempted to evade legal consequences, leading to an international manhunt and his eventual arrest in Montenegro [79][86][90]. - In August 2025, Kwon pleaded guilty to multiple charges in a New York federal court, marking a significant legal milestone in cryptocurrency fraud enforcement [99][100].