UPDATE: TERRAFORM LABS FOUNDER DO KWON SENTENCED TO 15 YEARS IN U.S. PRISON

CoinRank · 2025-12-12T02:22:37+00:00

Do Kwon, founder of Terraform Labs, has been sentenced to 15 years for his role in the $40 billion Terra–Luna collapse. This sentence, longer than expected, reflects the severity of the fraud involved.

CoinRank

2025-12-12 02:22:37

Abstract generation in progress

According to The Block, Terraform Labs founder Do Kwon has been sentenced to 15 years in prison for his role in the collapse of the Terra–Luna tokens. The 2022 crash wiped out $40 billion in value.

Kwon was sentenced on Thursday in the Southern District of New York, receiving a longer term than prosecutors had initially requested. Prosecutors argued he deserved 12 years due to the scale of the fraud and his prior misconduct, while Kwon’s lawyers pushed for a 5-year sentence. #CryptoNews #DoKwon

LUNA-5,91%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.