Co-founder of Terraform Labs, Do Kwon, is requesting a five-year prison sentence in the $40 billion fraud case related to the TerraUSD and LUNA collapse. This request comes as he seeks leniency from a U.S. federal judge, arguing that such a sentence reflects his accountability for the downfall of the Terra ecosystem, one of the largest failures in crypto history, according to Bloomberg. Kwon’s legal team acknowledges his responsibility for the losses incurred by users who experienced significant financial distress following the Terra collapse. Their plea seeks to limit the potential prison term, considering he has already served nearly three years under arrest, a period that included time in Montenegro with harsh conditions. In addition, they are asking for asset forfeiture of over $19 million as part of a plea deal. This request contrasts with South Korea’s pursuit of a more severe punishment, with prosecutors seeking a 40-year prison term upon extradition, highlighting the significant impact of the Terra collapse on both countries’ economies and legal systems. While Kwon faces sentencing in the U.S. on December 11th, his actions are expected to shape South Korea’s upcoming legal proceedings regarding this massive financial event.