Home BusinessCrypto king Do Kwon jailed for 15 years over $40bn stablecoin fraud

Crypto king Do Kwon jailed for 15 years over $40bn stablecoin fraud

by Newsroom
23 views


By Euronews with AP

Published on

Disgraced 34-year-old cryptocurrency mogul Do Kwon was sentenced on Thursday to 15 years in prison for a fraud that wiped out $40bn (€34.1bn) in value, devastated charities, and drove some investors to the brink of suicide.

Kwon, a Stanford graduate known by some as “the cryptocurrency king”, apologised after listening as victims — one in court and others by telephone — described the toll his scam had…



Source link

You may also like