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Do Kwon is unlikely to face prison time for $60 billion UST crypto wipeout — fines and lawsuits are more likely

Do Kwon is unlikely to face prison time for $60 billion UST crypto wipeout — fines and lawsuits are more likely

Do Kwon, co-founder and chief executive officer of Terraform Labs, leaves the company’s office in Seoul, South Korea, on Thursday, April 14, 2022.

Woohae Cho | Bloomberg | Getty Images

Do Kwon, the 30-year-old South Korean founder of a $60 billion stablecoin project that imploded last month, has a knack for convincing people to buy what he’s selling. Most recently, Kwon sold his vision of a new kind of payment system that would upend the status…


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