Fallen ‘Crypto King’ Do Kwon facing 130 years in prison after $40 billion collapse
Former Terraform Labs CEO Do Kwon, once a celebrated figure in the cryptocurrency world, now faces a maximum sentence of 130 years in prison and a tougher legal challenge following his extradition to the United States.
In his first U.S. court appearance, the 33-year-old Korean national pleaded not guilty to charges in Manhattan last week. Kwon is now facing more than half a dozen charges stemming from the largest collapse in the history of crypto, resulting in over $40 billion in investor losses. Coinage was the first to interview Do Kwon after the collapse in an award-winning documentary.
The U.S. Department of Justice unsealed a superseding indictment detailing a series of damning allegations against Kwon. The charges include…
