Kwon Sentencing: Crypto Fraud Trial's Pivotal Moment

This week, a significant sentencing is expected in the world of cryptocurrency. Do Kwon, the South Korean entrepreneur behind Terra and Luna tokens, faces charges of fraud and conspiracy. Prosecutors request at least twelve years, while his legal team argues for no more than five. Kwon pleaded guilty to conspiracy and wire fraud, causing billions in losses and triggering market crises. The sentencing hearing is set in Manhattan, marking a pivotal moment in holding individuals accountable in the crypto industry.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.