Crypto Fraudster Sentenced for $40bn Stablecoin Crash

Friday, December 12, 2025

A former crypto entrepreneur who was behind two digital currencies that collapsed and lost an estimated $40bn (29.9bn) has been sentenced by a New York judge to 15 years in prison for an "epic" fraud.

Posted by reinheitsgebot at 09:33 PM | 5 COMMENTS | permalink | Comment on This Entry |

Alternate links: Google News | Twitter

Do Kwon gets 15 years for crypto crimes, even longer than prosecutors had asked for. from @joelkhalili.bsky.social and @carolinehaskins.bsky.social

[image or embed]
-- Brian Barrett (@brbarrett.bsky.social) Dec 11, 2025 at 5:34 PM

Comments

Admin's note: Participants in this discussion must follow the site's moderation policy. Profanity will be filtered. Abusive conduct is not allowed.

Pardon he?

#1 | Posted by Doc_Sarvis at 2025-12-12 07:10 AM | Reply

Pardon he?

#1 | Posted by Doc_Sarvis

Yep.

#2 | Posted by Zed at 2025-12-12 08:53 AM | Reply

Trump already admitted he's using pardon as bribes so this guy should be free in a few months.

#3 | Posted by johnny_hotsauce at 2025-12-12 09:46 PM | Reply

Can one President override a previous President's pardon? I imagine a lot of people got rich and I imagine that extortion is behind some of the latest pardons, so could a President Newsom, say, override a Trump pardon?

#4 | Posted by Hughmass at 2025-12-13 08:05 AM | Reply

HUGH

I don't think so, based on the premise, by necessity, that it can be used in reverse when the presidency changes parties.

IOW, what's good for the goose is also good for the gander.

#5 | Posted by Twinpac at 2025-12-13 08:29 AM | Reply