Do Kwon Sentenced To 15 Years For Terraform Crypto Fraud

With Do Kwon sentenced to 15 years for fraud, a New York judge exceeded prosecutors' requested prison term. The Terraform Labs co-founder pleaded guilty to conspiracy to defraud and wire fraud charges. The Guardian's December 12, 2025 report described the sentence imposed on the South Korean entrepreneur, 34. Kwon developed TerraUSD and Luna, currencies whose collapse left investors with $40bn in losses. Do Kwon Sentenced Beyond Prosecutors' Request US district judge Paul Engelmayer described Kwon's crimes as “a fraud of epic generational scale.” The judge said prosecutors' requested 12 years would be too lenient given the harm to victims.