Do Kwon receives 15 year prison sentence for $40 billion stablecoin collapse

Hey Mel, Terraform [music] Labs co-founder and former fugitive Doco Kcoan has been sentenced to 15 years in prison for his role in the $40 billion collapse of the TerraUSD stable coin and Luna token back in 2022. It was one of crypto's largest ever failures. The judge called it a fraud on an epic generational scale.Prosecutors said Quan's deception helped trigger the 2022 crypto winter and contributed to FTX's downfall. The sentencing also comes as the Trump administration faces scrutiny for easing crypto e ...