Go to this post, comment, and discover how recurrent frauds are perpetrated by the creators of some well-known cryptocurrencies.

Do Kwon, former cryptocurrency magnate, was sentenced to 15 years in prison for massive fraud
The founder of Terraform Labs admitted to misleading investors about the stability of his digital currencies TerraUSD and Luna

The South Korean tech entrepreneur Do Kwon, known for developing the cryptocurrencies TerraUSD and Luna, was convicted this Thursday in New York to 15 years in prison for a fraud case that U.S. authorities described as one of the largest in the history of the financial sector.

A federal judge imposed the sentence after Kwon, co-founder of the firm Terraform Labs, acknowledged that he lied to thousands of investors about the safety and stability of his digital products, which collapsed in 2022 and caused a domino effect in the global cryptocurrency market.
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