US EditionCrypto founder Do Kwon sentenced to 15 years in prison for $40 billion Terraform Labs fraud
10 Articles
10 Articles
The former crypto prodigy stood gaunt and with his head bowed. In a New York courtroom, he found himself face to face with the judge who would seal his future. And the judge was not...
Crypto founder Do Kwon sentenced to 15 years in prison for $40 billion Terraform Labs fraud
Onetime cryptocurrency mogul Do Kwon was sentenced Thursday to 15 years in prison after a $40 billion crash revealed his crypto ecosystem to be a fraud. Victims said the 34-year-old financial technology whiz weaponized their trust to convince them that the investment — secretly propped up by cash infusions — was safe. Kwon, a Stanford graduate known by some as “the cryptocurrency king,” apologized after listening as victims — one in court and ot…
TerraUSD Founder Do Kwon Sentenced to 15 Years in Prison for “Epic, Generational Fraud”
Terraform Labs co-founder Do Kwon has been sentenced to 15 years in federal prison, closing one of the most damaging financial fraud cases in recent memory. U.S. District Judge Paul A. Engelmayer delivered the sentence, calling Kwon’s actions an “epic, generational fraud” that devastated ordinary investors around the world. The ruling marks a dramatic chapter in the collapse of TerraUSD and Luna, two cryptocurrencies that wiped out roughly $40 b…
Terra Luna Classic Shakes the Crypto Market with Surprising
LUNC experienced a significant price decline following Do Kwon's sentencing. The court cited over $40 billion losses as a reason for Do Kwon's penalty. Continue Reading:Terra Luna Classic Shakes the Crypto Market with Surprising Developments The post Terra Luna Classic Shakes the Crypto Market with...
Terra Luna price prediction: LUNA hits 7-month high amid speculation and warnings of a potential reversal - The Cryptocurrency Post
Terra Luna price prediction takes center stage as LUNA rallied to a seven-month high after a 6.53% intraday gain, reaching $0.1944 and printing a 222% advance since the start of the month. Market observers caution the move is driven by speculative flows rather than fundamentals, raising the risk of a sharp reversal that could erase recent gains. The immediate drivers behind the spike appear rooted in short-term speculation and intense community …
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