Crypto’s epic $40b collapse lands Do Kwon a 15-year reckoning

Do Kwon has been handed 15 years in prison after his Terra ecosystem imploded, wiping out an eye-watering $40 billion in investor wealth.

Prosecutors say the crash inflicted more damage than FTX, Celsius and OneCoin combined, exposing a deception far deeper than early reports suggested.

But with the case finally closed, markets are already looking past the chaos, and rallying as traders bet on a cleaner, more regulated future for crypto.