Do Kwon receives 15 years for Terraform Labs collapse

Do Kwon was sentenced to 15 years in prison for his role in the $40 billion collapse of Terraform Labs' cryptocurrencies. The collapse of TerraUSD and Luna, which Kwon co-founded, wiped out billions in value. A judge described Kwon's actions as an "epic fraud" on a generational scale. The Terra ecosystem's failure was part of a broader crypto deleveraging event that also contributed to the downfall of FTX.