Do Kwon was sentenced to 15 years for orchestrating the US$40 billion collapse of Terraform Labs’ crypto ecosystem, labelled a massive fraud that devastated countless investors. Judge Engelmayer condemned the scheme’s human toll as victims detailed life-altering losses caused by Kwon’s deception and evasion

New York: One-time cryptocurrency mogul Do Kwon was sentenced on Thursday to 15 years in prison after a US$ 40 billion crash revealed his crypto ecosystem to be a fraud. Victims said the 34-year-old financial technology whiz weaponised their trust to convince them that the investment — secretly propped up by cash infusions — was safe.

Kwon, a Stanford graduate known by some as “the cryptocurrency king,” apologised after listening as victims — one in court and others by telephone — d

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