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US Prosecutors Seek 12-Year Prison Term for Terra Founder Do Kwon

US Prosecutors Seek 12-Year Prison Term for Terra Founder Do Kwon

Author:

Global Cryptocurrency

Published:

2025-12-06 13:21:02

19

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BTCCSquare news:

US prosecutors have demanded a 12-year prison sentence for Do Kwon, founder of Terraform Labs, following his guilty plea to wire fraud and conspiracy charges. The request underscores the severity of the collapse of the Terra ecosystem, which prosecutors argue caused broader market turmoil.

The filing in a New York federal court also seeks confiscation of illicit profits. Kwon’s case stands out even among high-profile crypto prosecutions, with authorities comparing the fallout to that of Sam Bankman-Fried and Alex Mashinsky.

Legal risks persist for Kwon across multiple jurisdictions, including South Korea, where investigations continue into Terra’s $40 billion wipeout.

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