Do Kwon sentenced to 15 years for Terra/Luna fraud
Terraform Labs founder Do Kwon has been handed 15 years in prison for his role in the $40B collapse of the Terra/Luna ecosystem.
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Terraform Labs founder Do Kwon has been handed 15 years in prison for his role in the $40B collapse of the Terra/Luna ecosystem.
Read more (2 min) →The US countered Do Kwon's request for a five-year sentence by demanding 12 years prison time for the collapse of Terraform Labs.
Do Kwon has pleaded guilty to conspiracy to defraud and wire fraud in relation to the $40B collapse of Terraform Labs.
Both parties have already delayed the pre-trial motion submission date twice and have now asked a judge to grant another two-week extension.
Do Kwon's lawyers hinted at altering a money laundering charge while they continue to hold "productive" talks with US prosecutors.
A judge accepted a request from Do Kwon and the US government to delay the next court hearing so they can avoid unwanted pretrial wrangling.
The court, siding with the US government, delayed the status conference by a month so Do Kwon's defence can review the "voluminous discovery."
Do Kwon's upcoming court appearance may just be the start of a months-long process of evidence gathering before any potential trial begins.
Do Kwon's case is being sent back to the Montenegrin High Court where it will be decided if a 1901 extradition policy still applies.
Since Do Kwon tried to escape to Dubai, his extradition has been approved and appealed, with its status changing at least seven times.