Movim • Crypto mogul Do Kwon sentenced to 15 years in prison for fraud

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Crypto mogul Do Kwon sentenced to 15 years in prison for fraud

news.movim.eu / TheGuardian • 12 December 2025

Co-founder of Singapore-based Terraform Labs given more jail time by US judge than prosecutors sought

Do Kwon, the entrepreneur behind two cryptocurrencies that lost $40bn (£29.8bn) three years ago and caused the sector to crash, has been sentenced to 15 years in prison for fraud.

The South Korean, 34, had pleaded guilty to two counts of US charges of conspiracy to defraud and wire fraud.

Th chevron_right

Crypto mogul Do Kwon sentenced to 15 years in prison for fraud

news.movim.eu / TheGuardian • 12 December 2025

Co-founder of Singapore-based Terraform Labs given more jail time by US judge than prosecutors sought

Do Kwon, the entrepreneur behind two cryptocurrencies that lost $40bn (£29.8bn) three years ago and caused the sector to crash, has been sentenced to 15 years in prison for fraud.

The South Korean, 34, had pleaded guilty to two counts of US charges of conspiracy to defraud and wire fraud.

Th chevron_right

Crypto mogul Do Kwon sentenced to 15 years in prison for fraud

news.movim.eu / TheGuardian • 12 December 2025

Co-founder of Singapore-based Terraform Labs given more jail time by US judge than prosecutors sought

Do Kwon, the entrepreneur behind two cryptocurrencies that lost $40bn (£29.8bn) three years ago and caused the sector to crash, has been sentenced to 15 years in prison for fraud.

The South Korean, 34, had pleaded guilty to two counts of US charges of conspiracy to defraud and wire fraud.