Do Kwon Gets 15-Year US Term; Korean Prosecutors Seek 30+ Years for TerraUSD Case

Terraform Labs co-founder Do Kwon received a 15-year sentence from a Manhattan federal court for the $40 billion TerraUSD collapse. Prosecutors in South Korea are preparing a separate case under capital markets laws and are seeking a term exceeding 30 years, with about 200,000 local investors reporting losses of roughly 300 billion won ($204 million). He could request transfer to Korea after serving half his US term.