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

admin December 12, 2025 Leave a Comment

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

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Crypto mogul Do Kwon sentenced to 15 years in prison for fraud December 12, 2025
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