Terraform Labs Co-Founder Do Kwon Sentenced to 15 Years in US Prison

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Release Time:12/12/2025 07:10:46

A U.S. court sentenced Terraform Labs co-founder Do Kwon to 15 years in prison for his role in the 2022 Terra collapse, which wiped out $40 billion in investor funds. Judge Paul Engelmayer called the fraud “unprecedented,” noting Kwon’s deceit during the crash. Kwon, who served 17 months in custody, pleaded guilty to nine counts, including securities fraud. He expressed hope his case would deter others. Market observers are now watching altcoins to watch amid shifting sentiment, with the fear and greed index reflecting heightened caution in crypto markets.

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