Do Kwon orchestrated a $40 billion fraud, leading to 2022 crypto crash

The founder of Terraform Labs was sentenced today for lying about “experimental” coins that blew a $40 billion hole in the crypto economy.

Do Kwon sentenced to 15 years for fraud, misleading investors in the 2022 stablecoin crash that cost billions.

Si era dichiarato colpevole ad agosto delle accuse di frode con la sua ex azienda Terraform Labs

In August, Do Kwon pleaded guilty to conspiracy to defraud and wire fraud and apologised for his actions.

Do Kwon, 34, who was initially brought in after an international manhunt, was arrested in March 2023 at the airport in Podgorica, the Montenegrin capital, while preparing to board…

The U.S. district judge who handed down the sentence sharply rebuked Kwon for repeatedly lying to everyday investors who trusted him with their life savings.

Der Zusammenbruch der Digitalwährungen Terra und Luna löste einen Domino-Effekt im Krypto-Markt aus. Deren Gründer Do Kwon soll nun wegen Betrugs in den USA ins Gefängnis.

Un tribunale di New York ha condannato a 15 anni di carcere per frode Do Kwon, imprenditore sudcoreano noto per il disastroso fallimento della criptovaluta TerraUSD.

Co-founder of Singapore-based Terraform Labs given more jail time by US judge than prosecutors sought

A federal judge in New York has sentenced Do Kwon, the former CEO of Terraform Labs, to 15 years in prison for a scheme that cost victims billions of dollars.

Do Kwon orchestrated a $40 billion fraud, leading to 2022 crypto crash