Do Kwon requests that the US court sentence him to no more than five years in prison
On November 27, according to Bloomberg, Terraform Labs Pte. co-founder Do Kwon stated that he has requested a U.S. court to sentence him to no more than five years in prison for his involvement in the $40 billion TerraUSD stablecoin collapse-related fraud case in 2022. In August, Kwon pleaded guilty to conspiracy and wire fraud charges, thereby avoiding a trial. He was previously arrested in Montenegro and convicted for using a fake passport as a fugitive wanted by South Korea, and was subsequently extradited to the United States.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: Bitcoin negative premium on a certain exchange has narrowed to 0.018%
Data: The government of Bhutan transferred 320 ETH to Figment for staking, worth approximately $970,000.
Philippines PDAX launches "Project Bayani" aiming to tokenize $60 billion in assets by 2030

