Do Kwon, co-founder of Terraform Labs, has been sentenced to 15 years in prison after pleading guilty to fraud conspiracy charges related to the $40 billion collapse of TerraUSD. The sentencing marks a significant development in the aftermath of one of the largest failures in the cryptocurrency sector. In other news, the SEC has issued a No-Action Letter to DTCC, permitting it to offer tokenization services for DTC-custodied assets, with a rollout anticipated in the second half of 2026. Additionally, JPMorgan has facilitated a $50 million bond issuance for Galaxy Digital on the Solana blockchain, with Coinbase and Franklin Templeton purchasing the bonds using USDC, highlighting a growing trend towards tokenized finance.
Terraform Labs Co-Founder Do Kwon Sentenced to 15 Years for Fraud
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