Do Kwon sentenced to 15 years prison, to serve second half of sentence in South Korea
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Promote with Leviathan NewsSouth Korean crypto entrepreneur Do Kwon, co‑founder of Terraform Labs, has been sentenced in the United States to 15 years in prison for fraud related to the 2022 collapse of the TerraUSD (UST) algorithmic stablecoin and its sister token LUNA, an event that erased tens of billions of dollars in market value and contributed to the broader 2022 crypto downturn. He pleaded guilty to fraud charges in the U.S. in 2025 after his arrest in Montenegro and extradition, admitting to deceiving investors about the stability and backing of TerraUSD.
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