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

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

Terraform Labs Pte. co-founder Do Kwon says he should get no more than five years in prison in the US for his role in a fraud tied to the $40 billion collapse of the TerraUSD stablecoin in 2022.

Terra's Do Kwon Seeks 5-Year Prison Term Ahead Of Sentencing – #CryptoUpdatesGNIT

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The lawyers of Terraform Labs’ co-founder are reportedly seeking a lesser sentence for the South Korean crypto entrepreneur’s role in the multi-billion-dollar collapse, claiming that he has already “suffered substantially” for his crimes. Terra’s Do Kwon Says Five Years In Prison Will Suffice On Wednesday, Terraform Labs’ co-founder and former CEO…

Terra's Do Kwon Seeks 5-Year Prison Term Ahead Of Sentencing

The lawyers of Terraform Labs’ co-founder are reportedly seeking a lesser sentence for the South Korean crypto entrepreneur’s role in the multi-billion-dollar collapse, claiming that he has already “suffered substantially” for his crimes. Terra’s Do Kwon Says Five Years In Prison Will Suffice On Wednesday, Terraform Labs’ co-founder and former CEO, Do Kwon, requested a maximum five-year prison term for his involvement in the $40 billion collapse…

Do Kwon requests 5-year prison term cap in $40 billion Terra fraud case

In August, Kwon pleaded guilty to fraud charges stemming from the May 2022 collapse of Terraform Labs’ Terra ecosystem. Source link

Do Kwon Requests Five-Year Sentence Limit in TerraUSD Case

The post Do Kwon Requests Five-Year Sentence Limit in TerraUSD Case appeared on BitcoinEthereumNews.com. Key Points: Do Kwon pleads guilty in TerraUSD collapse, seeks five-year sentence. U.S. and South Korea vary on penalty severity. Terra’s collapse shaken investor trust in stablecoins. Do Kwon, co-founder of Terraform Labs, has requested a maximum five-year prison sentence in the U.S., following his guilty plea related to the TerraUSD collapse…