Do Kwon Argues for 5-Year Maximum Sentence in TerraUSD Case
- Terraform Labs co-founder Do Kwon claims a prison sentence exceeding 5 years is excessive, citing nearly 3 years of prior detention.
- Kwon admitted to conspiracy and wire fraud related to the USD 40 billion TerraUSD collapse after extradition from Montenegro.
- He has agreed to forfeit over USD 19 million and several properties as part of his plea deal with US prosecutors.
- Kwon’s legal team argues that the proposed 12-year sentence is too harsh given his previous confinement conditions.
- In South Korea, Kwon faces a separate case where prosecutors are seeking a 40-year prison term for similar charges.
- Kwon’s sentencing hearing in the US is scheduled for December 11 before Judge Paul Engelmayer.
Do Kwon contends that any prison term beyond five years would be unjust due to his past detention and financial penalties. He still faces significant legal challenges in South Korea, where authorities are pursuing a much longer sentence.
Source (3.2)https://cryptobriefing.com/terra-crypto-fraud-do-kwon-sentencing/?rand=59535
