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Terraform's Do Kwon Sentenced to 15 Years in Prison for $50B Crypto Fraud

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Terraform co-founder Do Kwon was sentenced to 15 years in a U.S. court for his role in a $50B **crypto** fraud that caused a 2022 market crash. The judge exceeded prosecutors’ 12-year request and Kwon’s defense recommendation of five years. Kwon pleaded guilty to two fraud counts in August, reducing his case from nine charges. He must serve at least half the sentence before a potential extradition to South Korea, where he also faces charges. The judge questioned the risk of early release there and sought updates on his custody time in Montenegro. **What is** now unclear is how long Kwon will ultimately serve before moving to South Korea.
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