Do Kwon Falls Hard — Terraform Labs Chief Gets 15 Years For Wire Fraud

Do Kwon, the South Korean co-founder of Terraform Labs, was sentenced to 15 years in prison on December 11, 2025 in a Manhattan federal court after pleading guilty to fraud tied to the collapse of the TerraUSD stablecoin and its sister token, Luna. Related Reading: Is Dogecoin Waking Up? Critical On-Chain Metric Explodes Higher According to court documents and news reports, the judge described the scheme as a massive fraud that left thousands of investors facing heavy losses. Sentence And Court Ruling Judge Paul A. Engelmayer handed down the 15-year term after prosecutors urged for a sentence of up to 12 years and the defense asked for a much lighter term source: https://www.newsbtc.com/altcoin/do-kwon-falls-hard-terraform-labs-chief-gets-15-years-for-wire-fraud/