NEW YORK — One-time cryptocurrency mogul Do Kwon was sentenced Thursday to fifteen years in jail after a $40 billion crash revealed his crypto ecosystem to be a fraud. Victims stated the 34-year-old monetary know-how whiz weaponized their belief to persuade them that the funding — secretly propped up by money infusions — was protected. Kwon, a Stanford graduate recognized by some as “the cryptocurrency king,” apologized after listening as victims — one in court docket and others by phone — described the rip-off’s toll: wiping out nest eggs, depleting charities and wrecking lives. One informed the decide in a letter that he […]…
Carry on studying: Crypto mogul Do Kwon will get 15 years in jail for $40B stablecoin fraud
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