US Judge Seeks Clarity on Do Kwon’s Legal Troubles Ahead of Sentencing
A US District Court judge has requested additional information regarding Terraform Labs co-founder Do Kwon's legal penalties in South Korea and Montenegro. The request comes ahead of Kwon's sentencing on December 11, where he faces charges of wire fraud and conspiracy to commit fraud.
Judge Paul Engelmayer of the Southern District of New York has asked for details on the minimum and maximum sentences Kwon could face in South Korea, where he may be sent after serving time in the US. The court's decision is expected to serve as a deterrent against similar financial misconduct in the cryptocurrency sector.