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Terraform’s Do Kwon sentenced to 15 years in prison for ‘epic’ fraud

December 13th 2025

Do Kwon, the former CEO of crypto firm Terraform Labs, has been sentenced to 15 years in prison over an “epic fraud” related to the $40 billion collapse of his company and its ecosystem.

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Terraform’s Do Kwon sentenced to 15 years in prison for ‘epic’ fraud

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Nationwide fined £44m for lax financial crime controls

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Grasshopper Bank acquired by Enova for $369 million

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JP Morgan arranges US Commercial Paper issuance for Galaxy holdings on Solana

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Mollie agrees GoCardless acquisition

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Tandem Bank appoints former Bó CTO as chief technology officer

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BIS and central banks test post-quantum cryptography in payments

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Mollie closes in on GoCardless acquisition

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BNY raises the IQ of AI enteprise platform Eliza with Google Cloud

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OBL reports rise in APP fraud affecting open banking payments

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Bank of England seeks input from businesses on digital pound

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WTW to acquire Cushon from NatWest

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AIR raises $6.1m to modernise private credit ratings with AI

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Business and finance automation startup GoDutch raises €3.6 million

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Barclays invests in United Fintech

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FCA launches ‘Firm Checker’ software tool to fight financial crime

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Banks urged to review IT systems to meet new customer vulnerability standard

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Finextra launches new market intelligence app

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Oxford Uni and UBS launch AI research centre

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EIB invests €70m in Italian BNPL unicorn

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