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Do Kwon, Crypto Entrepreneur Who Caused 2022 Crash, Sentenced to 15 Years

✇NYT | Top Stories
By: Emmett Lindner and David Yaffe-Bellany
12 December 2025 at 06:18
Do Kwon, who designed the virtual currencies Luna and TerraUSD, which plunged in 2022, had pleaded guilty to fraud.

© Risto Bozovic/Associated Press

Do Kwon, a crypto entrepreneur who went on the run after the crash of two virtual currencies that he created, was escorted by Montenegro police in 2024.
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