#Crypto Mogul Do Kwon Gets 15 Year Prison Term Over Terra's $40B Collapse

Terraform Labs co-founder Do Kwon has received a 15‑year prison sentence stemming from his involvement in the #crypto fraud tied to the collapse of TerraUSD, which resulted in a $40 billion loss in 2022. The South Korean national pleaded guilty in August to conspiracy and wire fraud charges at Terraform Labs. US District Judge Paul A. Engelmayer handed down the sentence on Thursday at a hearing in Manhattan. Judge Dismisses 12‑Year Jail Plea for Kwon, Calls it ‘Unreasonable’. Federal prosecutors already urged the court to impose the full 12 years permitted under Kwon’s plea agreement. Meanwhile, Kwon’s lawyers requested a 5‑year sentence