Back to today’s briefing

Story perspectives

Do Kwon Faces 12-Year Sentence for TerraUSD Fraud

12/11/2025

26 4

Summary

Story summary

Do Kwon, founder of Terraform Labs, is set to be sentenced on December 11, 2025 after pleading guilty to fraud tied to the 2022 $40 billion TerraUSD collapse.
Prosecutors seek a 12-year sentence for Kwon due to the damage from the TerraUSD collapse.
Kwon's attorneys argue for five years, saying hubris, not greed, drove his actions.
Kwon acknowledged responsibility for the losses and attributed his misrepresentations to misguided confidence.

1 of 1

Story summary

Do Kwon, founder of Terraform Labs, is set to be sentenced on December 11, 2025 after pleading guilty to fraud tied to the 2022 $40 billion TerraUSD collapse.
Prosecutors seek a 12-year sentence for Kwon due to the damage from the TerraUSD collapse.
Kwon's attorneys argue for five years, saying hubris, not greed, drove his actions.
Kwon acknowledged responsibility for the losses and attributed his misrepresentations to misguided confidence.