Kwon, Terra Luna Crypto Fraud
Digest more
The founder of Terraform Labs was sentenced today for lying about “experimental” coins that blew a $40 billion hole in the crypto economy.
Cryptocurrency mogul Do Kwon is scheduled to be sentenced for misleading investors who lost billions when his company’s crypto ecosystem collapsed in 2022
The $40 billion crash of Kwon’s TerraUSD and Luna coins triggered a cascade of company failures across the crypto sector.
19h
Do Kwon Gets 15 Years for $40 Billion Crypto Collapse as Victims Testify to Destruction He Caused
The collapse of Terraform Labs was part of a greater deleveraging event in crypto that culminated in the fall of FTX.
District Judge Paul Engelmeyer offered the Terraform Labs co-founder the chance to postpone his sentencing date, in light of hundreds of victim impact statements shared with the court in the past 24 hours.
Do Kwon, co-founder of Terraform Labs, was sentenced to 15 years in prison for fraud involving cryptocurrencies that lost $40 billion in 2022.
El exmagnate de las criptomonedas Do Kwon fue sentenciado el jueves a 15 años de prisión después de que un colapso de 40.000 millones de
Concerns mount over Kwon’s possible release overseas as judge demands clarity on victim impact, time served and outstanding charges.
Feedback