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Crypto mogul Do Kwon sentenced to 15 years in prison over massive $40B currency collapse
Do Kwon, the South Korean cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion in 2022, was sentenced in New York federal court on Thursday to 15 years in prison for fraud and conspiracy. Kwon, 34, who co-founded Singapore-based Terraform Labs and developed the TerraUSD and Luna currencies, previously pleaded guilty and admitted to misleading investors about a coin that was supposed to maintain a steady price during periods of crypto market volatility. Kwon was one of several cryptocurrency moguls to face federal charges after a slump in digital token prices in 2022 prompted ... (full story)
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From bnnbloomberg.ca | Dec 11, 2025
Cryptocurrency mogul Do Kwon is scheduled to be sentenced Thursday for misleading investors who lost billions when his company’s crypto ecosystem collapsed in 2022. Kwon, known by some as “the cryptocurrency king,” pleaded guilty in Manhattan federal court in August to fraud charges stemming from Terraform Labs’ US$40 billion crash. The company had touted ...
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From cointelegraph.com | Dec 11, 2025
The New York Stock Exchange has become the sixth host of Valentina Picozzi’s “disappearing” Satoshi Nakamoto statue — a striking shift from just a few years ago when crypto was still taboo on Wall Street. Long seen as a bastion of traditional finance, the NYSE called the installation “shared ground between emerging systems and established institutions” in ...
