Crypto Magnate Do Kwon Sentenced to 15 Years in Prison
According to reports, joel khalili caroline haskinsbusinessdec 11, 2025 5:19 pmcrypto magnate do kwon sentenced to 15 years in prisonthe founder of terraform labs was sentenced today for lying about “experimental” coins that blew a $40 billion hole in the crypto economy Interestingly, photograph: filip filipovic; getty imagessave storysave this storysave storysave this storysouth korean crypto entrepreneur and prosecuted fraudster do kwon was sentenced to 15 years in prison by a us federal judge in the southern district of new york on thursday According to reports, kwon cut a solemn figure as he was escorted into the courtroom by us marshals, his head bowed, his cheeks sunken as if he’d lost a significant amount of weight According to reports, he wore a bright lemon-colored prison jumpsuit over a long-sleeve shirt, with cuffs around his waist and hands Interestingly, in august, kwon pleaded guilty to defrauding investors who purchased crypto coins issued by his company, terraform labs In recent developments, in may 2022, the abrupt collapse of those coins wiped out $40 billion and sent the crypto economy into a tailspin that bankrupted numerous other companies In recent developments, “kwon’s fraud was colossal in scope, permeating virtually every facet of terraform’s purported business,” us prosecutors wrote in a recent court filing Interestingly, “his rampant lies left a trail of financial destruction in their wake
댓글 쓰기