TerraUSD: South Korea 'cryptocrash king' Do Kwon jailed
Source: BBC
TerraUSD: South Korea 'cryptocrash king' Do Kwon jailed
20 June 2023
By Peter Hoskins
Business reporter
Do Kwon, the cryptocurrency boss behind the $40bn (£31.3bn) collapse of the terraUSD and Luna tokens, has been sentenced to four months of jail in Montenegro.
Mr Kwon was found guilty of forging official documents.
He was arrested in March as he tried to board a flight to Dubai at Podgorica Airport, in the country's capital.
Mr Kwon also faces charges in the US and South Korea over the collapse of the two digital tokens last year.
The former finance officer of Mr Kwon's company Terraform Labs, Han Chang-joon, was also sentenced to four months in prison after being found guilty of the same charges.
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Read more: https://www.bbc.com/news/business-65957999
Do Kwon arriving at court in Montenegro (Getty Images)