Do Kwon Gets 15 Years for $40B Crypto Fraud

[cryptohog]

Terraform Labs co-founder Do Kwon has been sentenced to 15 years in federal prison for orchestrating the $40B Terra-Luna collapse — one of the largest frauds in crypto history.
Judge Paul Engelmayer called the scheme “a generational-scale fraud,” rejecting both prosecution and defense recommendations as too soft.
Despite the massive losses, Kwon’s sentence came in lighter than Sam Bankman-Fried’s 25 years, raising questions about how remorse and cooperation shape outcomes in major financial crimes.

[Rimon Khan]

15 years is still a huge sentence. The scale of the fraud makes this one of crypto’s biggest scandals.

[Abdul Khan]

This verdict shows regulators are becoming far stricter with high-impact crypto crimes.