Crypto founder Do Kwon sentenced to 15 years in prison

Do Kwon, the crypto entrepreneur responsible for the collapse of the stablecoins Luna and TerraUSD, has been sentenced to 15 years in prison after pleading guilty to conspiracy to defraud and wire fraud. This sentencing follows the significant $40 billion crash of his digital currencies in 2022, which resulted in extensive financial losses for investors.

Do Kwon, the crypto entrepreneur behind the virtual currencies Luna and TerraUSD, has been sentenced to 15 years in prison after pleading guilty to fraud. His digital currencies experienced a significant crash in 2022, leading to substantial financial losses for investors. Kwon was apprehended by Montenegro police in 2024 after going on the run following the collapse of his projects.

Do Kwon, the founder of the cryptocurrencies Luna and TerraUSD, has been sentenced to 15 years in prison after pleading guilty to fraud. This sentencing follows the significant $40 billion crash of his digital currencies, which triggered a wave of failures across the cryptocurrency sector.

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