Cryptocurrency fraudster Do Kwon was handed a 15-year prison sentence Thursday for abetting the infamous Terra (CRYPTO: LUNA) collapse that triggered one of the market’s worst crashes.
‘A Generational Fraud’
U.S. District Judge Paul A. Engelmayer, who pronounced the sentence, slammed Kwon for repeatedly deceiving investors who had invested their life savings with him, according to Reuters.
The judge described the fraud as “epic” and “generational,” asserting that few frauds in the history of federal prosecution have inflicted as much harm.
During a hearing at the Manhattan …
Full story available on Benzinga.com