India, Dec. 12 -- Cryptocurrency mogul Do Kwon, founder of Terraform Labs, has been sentenced to 15 years in prison in the United States for fraud and market manipulation linked to the collapse of his crypto empire.

Cryptocurrency mogul Do Kwon, founder of Terraform Labs, has been sentenced to 15 years in prison in the United States for fraud and market manipulation linked to the collapse of his crypto empire.

"Do Kwon devised elaborate schemes to mislead investors and inflate the value of Terraform's cryptocurrencies for his own benefit," Clayton said. "When his crimes caught up to him, he launched a deceptive PR campaign to cover up his fraud, laundered the proceeds, and even tried to purchase political protection abroad to avoid pros...