Do Kwon Faces December 11, 2025 Sentencing; Prosecutors Seek 12 Years, Defense Asks for Five
Do Kwon, the co-founder of Terraform Labs, is slated for sentencing on December 11, 2025. Prosecutors are seeking a 12-year prison sentence for Kwon, while his defense team is requesting a sentence of five years.
This sentencing follows Kwon's guilty plea to charges related to the collapse of the TerraUSD stablecoin and its sister token, Luna. The market crash, which occurred in May 2022, wiped out approximately $40 billion in value.
A forfeiture order has been issued, though restitution has not been ordered at this stage. The legal proceedings continue to unfold as the cryptocurrency market grapples with the fallout from the Terra ecosystem's implosion.