Kwon Sentenced to 15 Years for Crypto Fraud
Update: 2025-12-12
Description
South Korean crypto entrepreneur Do Kwon sentenced to 15 years for epic fraud, causing billions in losses and triggering market crises. Judge criticizes Kwon for misleading investors, while Kwon apologizes and expresses remorse. Kwon pleaded guilty to conspiracy and wire fraud, agreeing to an $80 million fine and a ban on crypto transactions. He still faces charges in South Korea and may be transferred abroad after serving half of his US sentence.
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