Do Kwon May Face 30 Years in Korean Court

LazyDevMiner · 2026-01-13T08:50:13+00:00

Do Kwon, co-founder of Terraform Labs, faces up to 30 years in prison in South Korea for violations of the Capital Markets Act and is facing lawsuits in the US. This complicates his defense and could impact the crypto market, affecting investor confidence and signaling increased regulatory scrutiny.

LazyDevMiner

2026-01-13 08:50:13

Abstract generation in progress

The legal situation of Do Kwon, co-founder of Terraform Labs, has become significantly more complicated in South Korea. Local prosecutors indicate that he could be sentenced to up to 30 years in prison if extradited to the country, with charges centered on alleged violations of the Capital Markets Act.

The legal landscape is further complicated by the fact that Do Kwon is facing simultaneous proceedings in the US. This overlap of legal procedures in different jurisdictions amplifies the complexity of his defense and broadens the scope of possible penalties. The challenges faced by the former executive go beyond a simple legal matter, potentially impacting the dynamics of the crypto market.

The cryptocurrency community is closely monitoring this development, particularly because the outcome could influence altcoin movements and investor confidence. Regulators worldwide are watching these processes closely, signaling a trend of increased regulatory tightening in operations related to digital assets. The intensified scrutiny of prominent industry figures reinforces that the crypto industry is under increasingly strict surveillance on a global scale.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.