Do Kwon Says Five Years in Prison Enough for Terra Crypto Fraud

Bloomberg TechnologyThursday, November 27, 2025 at 8:06:01 AM
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Do Kwon Says Five Years in Prison Enough for Terra Crypto Fraud
  • Do Kwon, co-founder of Terraform Labs, has stated that he should receive no more than five years in prison for his involvement in a fraud related to the $40 billion collapse of the TerraUSD stablecoin in 2022. This statement comes as part of ongoing legal proceedings concerning the significant financial fallout from the incident.
  • This development is significant as it highlights the legal repercussions faced by Kwon and the broader implications for the cryptocurrency industry, particularly regarding regulatory scrutiny and investor confidence following major failures like that of TerraUSD.
— via World Pulse Now AI Editorial System

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Do Kwon Should Get 12 Years for ‘Colossal’ Crypto Fraud, US Says
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US prosecutors have recommended a 12-year prison sentence for Do Kwon, co-founder of Terraform Labs, due to his role in the fraud that resulted in the $40 billion collapse of the TerraUSD stablecoin in 2022. This recommendation highlights the severity of the alleged financial misconduct and its impact on investors and the cryptocurrency market.