Do Kwon, Crypto Entrepreneur Who Caused 2022 Crash, Sentenced to 15 Years

The New York TimesThursday, December 11, 2025 at 10:54:51 PM
Do Kwon, Crypto Entrepreneur Who Caused 2022 Crash, Sentenced to 15 Years
  • 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.
  • This sentencing marks a significant development in the ongoing scrutiny of cryptocurrency regulations and the accountability of its creators. Kwon's actions and the subsequent legal consequences highlight the risks associated with investing in volatile digital assets and may prompt calls for stricter oversight in the cryptocurrency market.
— via World Pulse Now AI Editorial System

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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.
Crypto founder Do Kwon sentenced to 15 years in prison
NegativeFinancial Markets
Do Kwon, the founder of the cryptocurrencies Luna and TerraUSD, has been sentenced to 15 years in prison after pleading guilty to fraud. This sentence exceeds the time requested by prosecutors, reflecting the severity of the financial misconduct that led to a significant crash in 2022, resulting in substantial losses for investors.
Crypto Entrepreneur Do Kwon Gets 15-Year Prison Sentence
NegativeFinancial Markets
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.