Do Kwon Asks for Five-Year Sentence in Crypto Fraud Case

Do Kwon, the founder of Terraform Labs, is seeking a five-year prison sentence for his role in the collapse of TerraUSD. This plea agreement also includes forfeiting assets worth over $19 million. His sentencing hearing is scheduled for December 11, 2025 before Judge Paul Engelmayer. 40 billion dollars was lost in the event and has sparked legal actions by authorities across the globe, with Kwon’s plea deal offering a potential precedent for future crypto fraud cases.