In accordance with Chainthink, on November 27, 2025, Bloomberg reported that Terraform Labs Pte. co-founder Do Kwon stated his sentence for fraud related to the 2022 $40 billion TerraUSD stablecoin collapse should not exceed five years. Kwon pleaded guilty in August to conspiracy and wire fraud charges, avoiding a trial. He was previously arrested in Montenegro and convicted for using a fake passport as a fugitive from Korean charges before being extradited to the U.S.
Do Kwon Seeks Sentence of No More Than Five Years for TerraUSD Collapse Fraud
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