Do Kwon Receives 15-Year U.S. Federal Prison Sentence Over TerraUSD Fraud Case

More than two years after the Terra ecosystem collapsed and wiped out tens of billions from the crypto market, its creator Do Kwon has been sentenced to 15 years in U.S. federal prison. Judge Paul Engelmeyer of the Southern District of New York imposed the sentence after hearing victim testimonies and weighing a plea deal that reduced a nine-count indictment to two fraud charges, while Kwon still faces additional proceedings in South Korea and credit for 17 months in Montenegro remains unresolved.