Do Kwon requests that the US court sentence him to no more than five years in prison
On November 27, according to Bloomberg, Terraform Labs Pte. co-founder Do Kwon stated that he has requested a U.S. court to sentence him to no more than five years in prison for his involvement in the $40 billion TerraUSD stablecoin collapse-related fraud case in 2022. In August, Kwon pleaded guilty to conspiracy and wire fraud charges, thereby avoiding a trial. He was previously arrested in Montenegro and convicted for using a fake passport as a fugitive wanted by South Korea, and was subsequently extradited to the United States.
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