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Terraform Labs co-founder Do Kwon faces a maximum sentence of 12 years due to the fraud case related to the collapse of TerraUSD
According to reports by Wu, the lawyer for Terraform Labs co-founder Do Kwon suggested that he be sentenced to five years in prison for the fraud case related to the collapse of the TerraUSD stablecoin. Kwon admitted to misleading investors and has been incarcerated for nearly three years.
The sentencing will be decided on December 11, and the prosecution is willing to accept a maximum sentence of 12 years, but the final outcome is still uncertain.
The sentencing will be decided on December 11, and the prosecution is willing to accept a maximum sentence of 12 years, but the final outcome is still uncertain.
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