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Terra founder Do Kwon sentenced in landmark crypto fraud case
Do Kwon received a 15-year sentence after a US court ruled the TerraUSD and Luna collapse involved large-scale fraud that caused widespread investor losses.
A US federal court sentenced TerraUSD founder Do Kwon to 15 years in prison for orchestrating a $40 billion crypto fraud linked to the collapse of TerraUSD and Luna. Prosecutors said investor trust was misused to mask risks through undisclosed cash support. During sentencing, victims described severe financial and personal losses.