TerraUSD

US Seeks 12-Year Sentence for Do Kwon Over $40B Terra Crash

December 8, 2025
U.S. prosecutors are seeking a 12-year sentence for Terraform Labs co-founder Do Kwon for orchestrating the $40B TerraUSD collapse, which caused major market disruptions. Kwon admitted to defrauding investors, hiding key support from Jump Trading, and misleading the market. Sentencing is set for December 11, with international detention and a separate South Korean trial factoring