Terraform Labs Pte. co-founder and onetime fugitive Do Kwon was sentenced to 15 years in prison for the fraud that led to the company’s $40 billion collapse in 2022 and triggered a series of cascading crises in the cryptocurrency world.

El exmagnate de las criptomonedas Do Kwon fue sentenciado el jueves a 15 años de prisión después de que un colapso de 40.000 millones de

District Judge Paul Engelmeyer offered the Terraform Labs co-founder the chance to postpone his sentencing date, in light of hundreds of victim impact statements shared with the court in the past 24 hours.

Bitcoin and Ethereum are holding steady, but derivatives data shows traders quietly raising their exposure. Bitcoin (BTC) and Ethereum (ETH), the two largest cryptocurrencies by market value, traded in a narrow range on Friday.