Terraform Labs co-founder Do Kwon is asking a U.S. court to cap his prison sentence at five years, marking the latest turn in the ongoing fallout from the 2022 collapse of the Terra ecosystem. The request comes as prosecutors in South Korea push for a dramatically harsher outcome, up to 40 years behind bars. The filing, submitted on November 27 and first reported by Bloomberg, sets up a critical moment in one of crypto’s most consequential legal battles. Two years after TerraUSD’s implosion erased $40 billion in value and triggered one of crypto’s worst market cascades, the man at the
The post Do Kwon Pushes for 5-Year U.S. Sentence as South Korea Seeks 40 Years appeared first on The Merkle News.
