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Crypto-Enabled Fraudster Sentenced For Orchestrating $40 Billion Fraud
December 11, 2025
NEW YORK, Dec. 11 -- The office of the U.S. Attorney for the Southern District of New York posted the following news release:

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Crypto-Enabled Fraudster Sentenced For Orchestrating $40 Billion Fraud

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United States Attorney for the Southern District of New York, Jay Clayton, announced today that DO HYEONG KWON was sentenced to 15 years in prison for committing wire fraud and conspiring to commit securities fraud, commodities fraud, and wire . . .

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