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The Independent UK
The Independent UK
National
Via AP news wire

Crypto mogul Do Kwon to be sentenced for misleading investors who lost billions in stablecoin crash

Do Kwon Crypto
Crypto Fraud Do Kwon - (Copyright 2024 The Associated Press. All rights reserved)

Cryptocurrency mogul Do Kwon is scheduled to be sentenced Thursday for misleading investors who lost billions when his company’s crypto ecosystem collapsed in 2022.

Kwon, known by some as “the cryptocurrency king,” pleaded guilty in Manhattan federal court in August to fraud charges stemming from Terraform Labs’ $40 billion crash.

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