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The Guardian - UK
The Guardian - UK
Technology
Mark Sweney

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

Do Kwon
Do Kwon pleaded guilty to two counts of US charges of conspiracy to defraud and wire fraud. Photograph: Stevo Vasiljević/Reuters

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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