Cryptocurrency Terraform Labs co-founder, Do Kwon, has been sentenced to 15 years in prison by a district judge in New York. The cryptocurrency boss oversaw the collapse of TerraUSD and Luna in 2022, which the judge described as “fraud on an epic, generational scale.”
“In the history of federal prosecutions,” US district judge Paul A. Engelmayer said during the sentencing (via CNBC), “there are few frauds that have caused as much harm as you have, Mr. Kwon.”
