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U.S. court sentences disgraced Korean crypto mogul to 15 years in prison

U.S. court sentences disgraced Korean crypto mogul to 15 years in prison

Police officers escort Terraform Labs co-founder Do Kwon after he served a sentence for document forgery, in Podgorica, Montenegro, March 23, 2024. [REUTERS/YONHAP]

Police officers escort Terraform Labs co-founder Do Kwon after he served a sentence for document forgery, in Podgorica, Montenegro, March 23, 2024. [REUTERS/YONHAP]

 
A U.S. federal court on Thursday meted out a 15-year jail term to disgraced Korean crypto mogul Do Kwon in a trial over a crypto crash that resulted in over $40 billion in losses to investors in the United States and around the world in 2022.
 
Kwon, 34-year-old co-founder of Terraform Labs, the parent firm of crashed TerraUSD and Luna coins, was charged for his involvement in schemes to deceive investors to…

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