A former crypto entrepreneur who was behind two digital currencies that collapsed and lost an estimated $40bn ($29.9bn) has been sentenced by a New York judge to 15 years in prison for an "epic" fraud. Do Kwon, a South Korean national, was co-founder of Singapore-based Terraform Labs, which develop»»»

NEW YORK: Do Kwon, the South Korean cryptocurrency entrepreneur behind two digital currencies that lost an estimated US$40 billion in 2022, was sentenced in New York federal court on Thursday (Dec 11) to 15 years in prison for fraud and conspiracy. Kwon, 34, who co-founded Singapore-based Terraform»»»

Many will point to the collapse of the Terra ecosystem in May 2022 as the trigger for the last crypto crash/winter which eventually culminated with the collapse of FTX. And moments ago, a judge added a prison sentence for the mastermind behind it all. Terraform Labs co-founder and onetime fugitive »»»

NEW YORK - Do Kwon, the South Korean cryptocurrency entrepreneur behind two digital currencies that lost an estimated US$40 billion (S$52 billion) in 2022, was sentenced in New York federal court on Dec 11 to 15 years in prison for fraud and conspiracy. Kwon, 34, who co-founded Singapore-based Terr»»»

Associated PressPublished: 6:12am, 12 Dec 2025Cryptocurrency 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»»»

Search/en Do Kwon (CoinDesk archives) NEW YORK — Terraform Labs co-founder Do Kwon was sentenced to 15 years in prison on Wednesday for his role in a massive fraud that saw roughly $50 billion wiped from the crypto ecosystem over the course of just three days in May 2022. The sentence, handed down »»»