Source: United States & Canada – South China Morning PostCryptocurrency mogul Do Kwon was sentenced on Thursday to 15 years in prison for misleading investors who lost billions when his company’s crypto ecosystem collapsed in 2022.
Kwon’s sentencing by a federal judge in New York comes after he pleaded guilty in August to fraud charges stemming from Terraform Labs’ US$40 billion cryptocurrency crash.
The company had touted its TerraUSD as a reliable “stablecoin” – a kind of currency typically pegged to stable assets to prevent drastic fluctuations in…Read More