Do Kwon Gets 15 Years for $40 Billion Crypto Collapse

Do Kwon, who was behind two digital currencies that eventually collapsed in a $40 billion debacle, was sentenced to 15 years in prison on Thursday. During the sentencing, a judge referred to Kwon’s work at Terraform Labs as an “epic fraud” on a “generational scale” that few other previous frauds have reached.

South Korean entrepreneurs Daniel Shin and Do Kwon originally introduced the Terra blockchain as a platform for stablecoins tied to fiat currencies in 2018. It began with…