Krypto-Magnat Do Kwon zu 15 Jahren Gefängnis verurteilt

South Korean [crypto](https://www.wired.com/tag/cryptocurrency/) entrepreneur and prosecuted fraudster [Do Kwon](https://www.wired.com/story/do-kwon-terraform-terraform-labs-liable-civil-charges/) was sentenced to 15 years in prison by a US federal judge in the Southern District of New York on Thursday.

Kwon cut a solemn figure as he entered the courtroom, his head bowed. He wore a bright lemon-colored prison jumpsuit over a long-sleeve shirt, with cuffs around his waist and hands.

In August, Kwon [pleaded guilty](https://www.justice.gov/usao-sdny/pr/do-kwon-pleads-guilty-fraud#:~:text=KWON%20is%20scheduled%20to%20be,be%20determined%20by%20the%20judge.) to defrauding investors who purchased crypto coins issued by his company, Terraform Labs. In May 2022, the [abrupt collapse](https://mitsloan.mit.edu/shared/ods/documents?PublicationDocumentID=9764) of those coins wiped out $40 billion and sent the crypto economy into a tailspin that bankrupted numerous other companies.

“Kwon’s fraud was colossal in scope, permeating virtually every facet of Terraform’s purported business,” US prosecutors wrote in a [recent court filing](https://storage.courtlistener.com/recap/gov.uscourts.nysd.596117/gov.uscourts.nysd.596117.57.0.pdf). “His rampant lies left a trail of financial destruction in their wake.”

The offenses to which Kwon pleaded guilty carry a maximum sentence of 25 years in prison. Before the hearing, prosecutors had petitioned for a twelve-year prison term.

Read the full story here: [https://www.wired.com/story/do-kwon-terraform-sentenced-prison-crypto-fraud/](https://www.wired.com/story/do-kwon-terraform-sentenced-prison-crypto-fraud/) 

I actually saw the „your size is not size“ feud unfold live on Twitter.

I witnessed history.

Pardon in 3..2…1!