Crypto mogul Do Kwon sentenced to 15 years in prison for $40 billion stablecoin fraud

By MICHAEL R. SISAK

NEW YORK (AP) — One-time cryptocurrency mogul Do Kwon was sentenced Thursday to 15 years in prison after a $40 billion crash revealed his crypto ecosystem to be a fraud. Victims said the 34-year-old financial technology whiz weaponized their trust to convince them that the investment — secretly propped up by cash infusions — was safe.

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