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

- 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


