- Terra Ecosystem collapsed in May 2022, wiping $40 billion.
- Do Kwon is now charged by US financial regulators for crypto and securities con.
2022 was dotted with spectacular crypto events like the Terra Ecosystem collapse, FTX-saga, Three Arrows Capital implosion and numerous bankruptcies. The whole crypto industry was afflicted with a harsh crypto winter. Regulators have been charging the culprits, and recently US regulators have charged Do Kwon with fraud.
Source: https://www.thecoinrepublic.com/2023/02/17/terraform-labs-do-kwon-charged-with-fraud-by-us-regulators/