Do Kwon Sentenced to 15 Years in U.S. for TerraUSD Fraud

币界网

Release Time:12/12/2025 21:50:34

UST

----

Do Kwon, co-founder of Terraform Labs, was sentenced to 15 years in a U.S. federal prison for fraud tied to the 2022 TerraUSD collapse. Judge Paul Engelmeyer in the Southern District of New York imposed the sentence, surpassing both the prosecution’s 12-year request and the defense’s 5-year plea. Kwon, who admitted to misleading investors, faces potential legal action in South Korea after serving half his term. The ruling aligns with global efforts in Countering the Financing of Terrorism and reinforces scrutiny under the EU Markets in Crypto-Assets Regulation.

Source:Show original

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.