Do Kwon Seeks Five-Year Sentence for Role in TerraUSD Collapse

After pleading guilty to conspiracy and wire fraud related to the TerraUSD collapse, Do Kwon has requested a maximum five-year prison sentence in the U.S. This plea comes amidst differing sentencing opinions between South Korean and U.S. authorities. The incident underscores concerns about crypto market fraud and its impact on investor confidence, particularly within the DeFi landscape.