Terraform Labs Founder Do Kwon Sentenced to 15 Years for Orchestrating $40 Billion Crypto Fraud

TLDR:  Do Kwon misled investors about TerraUSD and LUNA, causing $40B in losses. Terraform’s Luna Foundation Guard was controlled secretly by Kwon, not independent. Mirror Protocol and Chai blockchain claims were falsified to attract investments. Kwon arrested in Montenegro in 2023 and extradited after using a fake passport. Federal prosecutors confirmed that Terraform Labs founder [...]

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