In accordance with 528btc, U.S. prosecutors have recommended a 12-year prison sentence for Terraform Labs co-founder Do Kwon, citing his role in a cryptocurrency fraud that led to the $40 billion collapse of the TerraUSD stablecoin in 2022. Do Kwon is scheduled to be sentenced by U.S. District Judge Paul Engelmayer on December 11.
U.S. Prosecutors Recommend 12-Year Sentence for Do Kwon Over $40B Stablecoin Collapse
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