Crypto Mogul  Gets 15 Year Prison Sentence - video Dailymotion

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00:00A U.S. court has closed the chapter on one of the biggest crypto scandals

00:06by sentencing South Korean cryptocurrency mogul Do Kwon to 15 years in prison

00:13after he was convicted of misleading investors.

00:16The ruling was issued in New York after his guilty plea last August

00:21following the 2022 collapse of the Terraform Labs ecosystem,

00:25which wiped out $40 billion in market value.

00:30Kwon had promoted TerraUSD as a stable and safe coin

00:35before the system collapsed entirely, destroying billions of dollars

00:39and triggering consecutive crises across digital asset markets

00:43with more than $19 million of his proceeds seized.

00:47To be continued...

00:48To be continued...