Cryptocurrency mogul Do Kwon was sentenced Thursday to 15 years in prison for misleading investors who lost billions when his company’s crypto ecosystem collapsed in 2022.
Kwon’s sentencing by a federal judge in New York City comes after he pleaded guilty in August to fraud charges stemming from Terraform Labs’ USD 40 billion cryptocurrency crash.
The company had touted its TerraUSD as a reliable “stablecoin”, a kind of currency typically pegged to stable assets to prevent drastic…
