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]](https://koreajoongangdaily.joins.com/data/photo/2025/12/12/270ac6ed-b70d-4264-89e3-c6728f4b7285.jpg)
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…
