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Do Kwon sentenced to 15 years in prison after $50B Terra collapse


Do Kwon sentenced to 15 years in prison after $50B Terra collapse

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Do Kwon, co-founder of Terraform Labs, sentenced to 15 years in federal prison following the collapse of TerraUSD (UST), which resulted in a $50 billion market loss in three days. The incident significantly impacted the digital asset sector.

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Terraform Labs co-founder Do Kwon has received a 15-year federal prison sentence, concluding a case that stemmed from the collapse of the TerraUSD (UST) stablecoin. The collapse wiped out an estimated $50 billion in market value within three days and triggered a chain of events that reshaped the digital-asset sector. The sentence, issued by District […]
Read the article at CryptoPolitan

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