Do Kwon Sentenced to 15 Years for Crypto Fraud
Update: 2025-12-12
Description
Do Kwon, co-founder of Terraform Labs, sentenced to 15 years for fraud, following Terra ecosystem collapse. Judge Engelmayer found 12-year prosecution recommendation unreasonable and 5-year defense request implausible. Kwon expressed remorse, seeking to serve penance in South Korea. Victims shared stories of loss, including one woman who sold her apartment and lost $81,000. Kwon may face additional 40 years in South Korea after US sentence. This sentencing underscores accountability in cryptocurrency world.
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