Crypto mogul Do Kwon sentenced to 15 years in prison for fraud

South Korea's economic recovery in 2026 faces potential risks, including rising unemployment and currency depreciation, as indicated by a recent increase in the jobless rate to 2.7% in November. This uptick reflects ongoing challenges in the labor market and broader economic conditions.

President Trump has taken significant steps to ease restrictions on chip exports to China, allowing companies like Nvidia to sell advanced AI chips to approved customers. This move follows a series of diplomatic engagements between Trump and Chinese President Xi Jinping, including a recent meeting in Busan, South Korea, where they discussed trade and bilateral relations.

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 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.

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.

Hanwha Asset Management is making a significant move into the private credit sector in South Korea, an asset class that is still developing but has begun to attract attention from major money managers in the country. This expansion reflects a growing interest in alternative investment strategies within the financial landscape of South Korea.