12/5/2025
152 words
1 min read
US prosecutors request 12 years in prison for Terraform’s Do Kwon
Overview
US prosecutors have made a significant sentencing recommendation for Do Kwon, the founder of Terraform. They have requested a prison term of 12 years, stating that Kwon’s actions resulted in substantial financial losses.
Details of the Case
The sentencing recommendation highlighted that Do Kwon’s actions led to greater financial losses than those caused by other notable figures in the crypto industry, specifically mentioning Sam Bankman-Fried, Alex Mashinsky, and Karl Sebastian Greenwood. This assertion underscores the severity of Kwon’s alleged misconduct and its impact on investors and the broader market.
Impact on the crypto market
- Heightened scrutiny on crypto founders and their responsibilities.
- Increased caution among investors regarding project viability.
- Potential influence on future regulatory measures in the cryptocurrency space.
- Possible ripple effects on the reputations of other crypto projects and leaders.
- A reminder of the risks associated with investing in the cryptocurrency market.
Updated: 12/5/2025, 4:32:23 PM
