Issue 98 – The world’s most corrupt crypto startup operation
Check back soon for the audio version of this newsletter, or subscribe to the feed in your podcast app to automatically receive new episodes.
I’m back from my hiatus, and it’s so good to be with you again! There’s plenty to catch up on, so let’s get right to it.
In the courts
Do Kwon
Do Kwon, founder of the collapsed Terra/Luna project, has been sentenced to fifteen years in prison — three more than the twelve years sought by prosecutors1 and well above the five requested by his defense.2 Judge Paul Engelmayer said the upward variance reflected the scale of Kwon’s fraud — both monetarily and in its more than one million victims — and Kwon’s decision to flee [I4], remaining at large for months before he…
