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Do Kwon Faces 130 Years for Alleged $40B Crypto Fraud Scheme?

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Daily Crypto News and Maxwell Mutuma
Jan 04, 2025
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Do Hyeong Kwon, co-founder of Terraform Labs, was extradited to the U.S. on December 31, 2024. He faces multiple federal charges, including fraud and conspiracy, which collectively carry a maximum penalty of 130 years. Authorities allege Kwon's actions caused investor losses exceeding $40 billion.

The U.S. Department of Justice (DOJ) accuses Kwon of orch…

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