U.S. Judge Presses Do Kwon Case Before Sentencing, Cites ‘Assurance’ Gap

U.S. District Judge Paul A. Engelmayer, presiding over the sentencing of Terraform Labs founder Do Kwon for defrauding investors, posed six critical questions to both prosecution and defense ahead of Thursday's hearing. The judge specifically sought assurance that Kwon would serve his full sentence if transferred to South Korea, where he faces pending charges, questioning the U.S. government's ability to prevent his early release abroad. Furthermore, Judge Engelmayer requested details on whether victims wished to be heard, how credit for approximately 17 months served in Montenegrin custody should be calculated, Kwon's exact criminal exposure in South Korea, the mechanism for victim compensation, and eligibility for sentence-reduction credits or supervised release. Prosecutors are seeking a 12-year sentence, while the defense requested five years.

(Source：CoinDesk)