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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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Shawbrook targets SMEs with Playter acquisition

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Abu Dhabi launches fintech centre with focus on digital assets

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Socure acquires BNPL credit startup Qlarifi

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Worldline sells off Swedish payments platform CoreOrchestration

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Airwallex raises $330 million at a valuation of $8 billion

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Worldline sells off Swiss payments platform CoreOrchestration

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Visa to move European HQ to Canary Wharf

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Cloudflare suffers second outage in a month

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FinCEN: Ransomware payments soared 77% in 2023 before dropping in 2024

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Coinstar picks Lithic to enable seamless physical-to-digital currency conversion

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Green Check and Lüt to deliver compliant and cashless payment solution for cannabis operators

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ECB staffs up for digital euro project

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Europol takes down EUR700m crypto fraud network

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Deutsche Börse forms wide-ranging digital asset partnership with Kraken

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RBC on track for up to C$1bn in enterprise value gains from AI

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Scottish Widows trials AI for marketing compliance

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Revolut opens waitlist for ultra-premium business spend management card

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BBVA creates conversational app built into ChatGPT

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BBVA builds conversational app built into ChatGPT

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Binance targets crypto kids with junior account

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