Do Kwon: TerraUSD creator sentenced to 15 years in prison over $40bn crash
Source: BBC
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 developed the TerraUSD and Luna digital coins.Kwon had admitted misleading investors about TerraUSD, a so-called stablecoin…
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