Do Kwon says his US sentence should not exceed 5 years tied to the Terra crypto crash
NeutralCryptocurrency

- Do Kwon has requested that his prison sentence in the United States be limited to five years in connection with the TerraUSD crash, which resulted in a loss of approximately USD 40 billion. He cites time already served and asset forfeitures as reasons for this request.
- This plea is significant for Kwon as he faces a much harsher potential sentence of up to 40 years in South Korea for separate charges related to his role in the collapse of Terraform Labs, highlighting the severity of the legal challenges he faces.
- The situation underscores ongoing debates about accountability in the cryptocurrency sector, particularly as Kwon's case reflects broader concerns regarding regulatory oversight and the consequences of financial mismanagement in the rapidly evolving digital asset landscape.
— via World Pulse Now AI Editorial System







