I didn't do any search about this case since 2022 but sincerely I thought that he has already been sentenced to prison earlier on, I didn't know that the legal process was never yet finalized since 2022 that Luna crash until today when I saw the news that Do Kwon has been sentenced to 15 years imprisonment, which happened on the 11th this month.
Who is
Do Kwon (for anyone that asked).
A former crypto entrepreneur who was behind two digital currencies that collapsed and lost an estimated $40bn (£29.9bn) has been sentenced by a New York judge to 15 years in prison for an "epic" fraud.
Kwon - who pleaded guilty in August to conspiracy to defraud and wire fraud - expressed remorse to the judge.
The US district judge Paul Engelmayer called his crimes “a fraud of epic generational scale”.
The judge imposed a longer sentence than the 12 years sought by prosecutors, saying it would be too lenient given the harm he had caused to victims.
You can read in details here
https://www.theguardian.com/technology/2025/dec/12/do-kwon-cryptocurrency-terraform-labs-co-founder-prison-fraud or there
https://www.bbc.com/news/articles/ckgmm92d213oMany people already knew how it started and how the collapse lead to the an estimated loss of $40bn but that's not what the topic is about, you can read if you're not aware of the crash. I just thought I should share about his prison sentence for the benefit of those that are not yet aware. thank you.
