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.

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.

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.

Shadow chancellor says unexpected contraction is ‘direct result of Labour’s economic mismanagement’

Good morning. Growth figures out today show the economy shrinking in October. This is worse than economists were expecting.

Richard Partington has the story here.

Britain’s economy shrank unexpectedly in October as consumers held back on spending before Rachel Reeves’s budget and car manufacturing struggled to recover from the cyber-attack on Jaguar Land Rover .

Figures from the Office for National Statistics (ONS) showed gross domestic product fell by 0.1%, after a 0.1% drop in output in September. City economists had predicted a 0.1% rise in October.

This morning’s news that the economy unexpectedly shrank in the three months to October is extremely concerning but it’s as a direct result of Labour’s economic mismanagement.

Rachel Reeves promised growth but Labour has no plan for the economy - just their own survival, that’s why Reeves presented a Benefits Budget that rewards welfare not work.

It wasn’t unexpected.

As I said at the time, the chancellor’s shambolic dishonesty in the run-up to the budget, slowed down economic activity and killed growth.

Shadow chancellor says unexpected contraction is ‘direct result of Labour’s economic mismanagement’

Good morning. Growth figures out today show the economy shrinking in October. This is worse than economists were expecting.

Richard Partington has the story here.

Britain’s economy shrank unexpectedly in October as consumers held back on spending before Rachel Reeves’s budget and car manufacturing struggled to recover from the cyber-attack on Jaguar Land Rover .

Figures from the Office for National Statistics (ONS) showed gross domestic product fell by 0.1%, after a 0.1% drop in output in September. City economists had predicted a 0.1% rise in October.

This morning’s news that the economy unexpectedly shrank in the three months to October is extremely concerning but it’s as a direct result of Labour’s economic mismanagement.

Rachel Reeves promised growth but Labour has no plan for the economy - just their own survival, that’s why Reeves presented a Benefits Budget that rewards welfare not work.

It wasn’t unexpected.

As I said at the time, the chancellor’s shambolic dishonesty in the run-up to the budget, slowed down economic activity and killed growth.

Shadow chancellor says unexpected contraction is ‘direct result of Labour’s economic mismanagement’

Good morning. Growth figures out today show the economy shrinking in October. This is worse than economists were expecting.

Richard Partington has the story here.

Britain’s economy shrank unexpectedly in October as consumers held back on spending before Rachel Reeves’s budget and car manufacturing struggled to recover from the cyber-attack on Jaguar Land Rover .

Figures from the Office for National Statistics (ONS) showed gross domestic product fell by 0.1%, after a 0.1% drop in output in September. City economists had predicted a 0.1% rise in October.

This morning’s news that the economy unexpectedly shrank in the three months to October is extremely concerning but it’s as a direct result of Labour’s economic mismanagement.

Rachel Reeves promised growth but Labour has no plan for the economy - just their own survival, that’s why Reeves presented a Benefits Budget that rewards welfare not work.

It wasn’t unexpected.

As I said at the time, the chancellor’s shambolic dishonesty in the run-up to the budget, slowed down economic activity and killed growth.

⚽ All the latest updates heading into the weekend’s action
⚽ Premier League: 10 things to look out for | Email John

The week’s big story has been the Mohamed Salah affair. Liverpool play Brighton this weekend, a game Salah pinpointed might be his last. There’s also talk of a midweek meeting with Jordan Henderson; does that mean Saudi Arabia or Brentford? Arne Slot is due to speak this morning.

Good morning, football. We’re back back back for another Friday buildup to the day’s action, reporting on all the big stories, and previewing another big weekend of Premier League action.

⚽ All the latest updates heading into the weekend’s action
⚽ Premier League: 10 things to look out for | Email John

The week’s big story has been the Mohamed Salah affair. Liverpool play Brighton this weekend, a game Salah pinpointed might be his last. There’s also talk of a midweek meeting with Jordan Henderson; does that mean Saudi Arabia or Brentford? Arne Slot is due to speak this morning.

Good morning, football. We’re back back back for another Friday buildup to the day’s action, reporting on all the big stories, and previewing another big weekend of Premier League action.

⚽ All the latest updates heading into the weekend’s action
⚽ Premier League: 10 things to look out for | Email John

The week’s big story has been the Mohamed Salah affair. Liverpool play Brighton this weekend, a game Salah pinpointed might be his last. There’s also talk of a midweek meeting with Jordan Henderson; does that mean Saudi Arabia or Brentford? Arne Slot is due to speak this morning.

Good morning, football. We’re back back back for another Friday buildup to the day’s action, reporting on all the big stories, and previewing another big weekend of Premier League action.