South Korean cryptocurrency tycoon Do Kwon was sentenced to 15 years in prison Thursday over fraud linked to his company's failure, which wiped out $40 billion of investors' money and shook global crypto markets, US media reported.

Kwon, who nurtured two digital currencies central to the bankruptcy, was sentenced at the New York court where he pleaded guilty in August after an international manhunt spanning Asia and Europe.

He still faces fraud charges in his native South Korea.

The 34-year-old's Terraform Labs created a cryptocurrency called TerraUSD that was marketed as a "stablecoin," a token that is pegged to stable assets such as the US dollar to prevent drastic fluctuations.

Kwon successfully marketed them as the next big thing in crypto, attracting billions in investments and gl

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