Do Kwon, the disgraced cryptocurrency entrepreneur whose Terraform Labs created the TerraUSD stablecoin and Luna token that spectacularly collapsed in May 2022, has been sentenced to 15 years in federal prison for orchestrating what a judge called "fraud on epic, generational scale."
The sentence, handed down Thursday in Manhattan federal court, exceeded both the five years Kwon's defense team requested and the 12 years federal prosecutors sought—a rare instance where a judge determined that even the government's recommendation was too lenient for the scope of Kwon's deception.
