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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.

US wants Do Kwon in jail for no less than 12 years

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.