Do Kwon, co-founder of Terraform Labs, received a 15-year prison sentence for fraud linked to the collapse of his cryptocurrencies, TerraUSD and Luna, which lost $40 billion. He pleaded guilty to conspiracy and wire fraud, acknowledging his responsibility for the harm caused to investors. The judge criticized the scale of Kwon's actions, which contributed to a significant downturn in the crypto market.

Do Kwon, former CEO of Terraform Labs, was sentenced to 15 years in prison for orchestrating a $40 billion cryptocurrency fraud. Victims described devastating financial losses and personal crises, while the judge emphasized the extensive harm caused by Kwon's actions. The case highlights the impact of deceptive practices in the cryptocurrency market.

Jingliang Su received a 46-month prison sentence for his involvement in a $36.9 million cryptocurrency scam that defrauded 174 Americans. The operation, based in Cambodia, used fake investment schemes and laundered money through US shell companies. Along with his sentence, Su must repay nearly $27 million to the victims.

Alex Mashinsky, the founder of Celsius Network, has been sentenced to 12 years in prison for orchestrating a $7 billion fraud scheme that misled investors about the company's financial stability. Mashinsky's actions contributed significantly to the collapse of the crypto lending platform, which left many customers with substantial losses.