Kwon, Crypto
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$40 billion-plus crypto fraud scheme results in 15-year prison sentence for its creator — nine criminal counts include wire fraud and money laundering
Do Kwon, the project's South Korean leader, was sentenced to 15 years in prison in the aftermath of a scheme that caused an estimated $40 to $60 billion in damages to investors. The U.S. Department of Justice charged Kwon on nine counts,
Terra’s LUNA has exploded more than 250% in ten days, fueled by a fresh network upgrade and speculation around Do Kwon’s upcoming sentencing, but technicals suggest the rally may be hitting its ceiling.
Terra remained the focus of the majority of headlines throughout May for its spiral collapse leading to a loss of over $40 billion in investors’ money. Despite some early resistance from the community and heavy backlash from the likes of Binance CEO ...