US prosecutors request 12 years in prison for Terraform’s Do Kwon
US prosecutors have requested a 12-year prison sentence for Terraform Labs co-founder Do Kwon following his guilty plea to wire fraud charges.Summary
US attorneys are seeking a 12-year prison sentence for Terraform Labs co-founder Do Kwon, along with the forfeiture of criminal proceeds, in a filing submitted to the US District Court for the Southern District of New York. This request comes about four months after Kwon pleaded guilty to two counts of wire fraud and conspiracy to defraud. Prosecutors argued that Kwon's actions caused losses exceeding those caused by Samuel Bankman-Fried, Alex Mashinsky, and Karl Sebastian Greenwood combined, triggering a cascade of crises known as 'Crypto Winter.' Kwon, who faces sentencing next week, was indicted in March 2023 on multiple charges related to the 2022 collapse of Terra. While Kwon's lawyers argued for a sentence of no more than five years, citing potential 40-year imprisonment if extradited to South Korea, the presiding judge has the ultimate authority on the sentence.
(Source：Cointelegraph)