Do Kwon Requests 5-Year Maximum Prison Term - Unchained

2025-11-28 12:30:19

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Terraform Labs co-founder Do Kwon has requested a maximum prison term of five years for his role in the $40 billion collapse of the TerraUSD stablecoin (UST) in 2022.

Prosecutors in the U.S. agreed to a plea deal with a maximum sentencing cap of 12 years, which Kwon’s lawyers argued “does not consider the totality of circumstances that support a sentence not greater than five years’ incarceration” in a letter filed earlier this week.

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Kwon himself wrote a letter to the judge, accepting “full responsibility” for the failure of the Terra ecosystem.

“I got swept up in my own overconfidence. I made many mistakes. I made misrepresentations that came from a brashness that is now a source of deep regret,” he said.

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