Do Kwon Sentencing Set for December 11, Seeks Reduced Term
- Do Kwon faces sentencing on December 11, 2025, in Manhattan federal court.
- Prosecutors are seeking a maximum of 12 years under his plea deal for extensive fraud linked to the Terra collapse.
- Kwon pleaded guilty in August 2025 to multiple counts of fraud, with potential maximum penalties totaling 25 years.
- The Terra collapse is estimated to have caused losses around $40 billion, affecting retail investors and crypto markets.
- As part of the plea agreement, Kwon must forfeit over $19 million but prosecutors are not pursuing restitution.
The case highlights significant impacts on the cryptocurrency market due to fraudulent activities, with Kwon’s actions contributing to a major market downturn. His request for a five-year sentence contrasts sharply with the prosecution’s demand for a twelve-year term.
Ultimately, the court will decide Kwon’s fate as he prepares to face potential imprisonment following a substantial financial crisis in the crypto sector.(Source)
