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BTCC / BTCC Square / Global Cryptocurrency /
Terra Founder Do Kwon Faces Potential 30-Year Sentence in South Korea After U.S. Conviction

Terra Founder Do Kwon Faces Potential 30-Year Sentence in South Korea After U.S. Conviction

Author:
Global Cryptocurrency
Published:
2025-12-16 12:15:01
14
3
BTCCSquare news:

Do Kwon, co-founder of collapsed Terraform Labs, may face a second criminal trial in South Korea following his recent 15-year U.S. sentence for the $40 billion TerraUSD implosion. Seoul prosecutors indicate extradition could lead to additional charges.

The disgraced entrepreneur initially pleaded not guilty to fraud and money laundering charges in January 2023 before reversing course last August. His U.S. sentencing memorandum argued for leniency, claiming five years WOULD suffice given his 'substantial suffering.'

The dual legal threats underscore the global regulatory crackdown on crypto malfeasance post-Terra's collapse. Kwon's case remains a cautionary tale for blockchain founders as jurisdictions coordinate enforcement.

|Square

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