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Convicted fraudster Do Kwon, mastermind behind the crypto industry's devastating $40B 
Luna UST stablecoin collapse, was sentenced to 15 years imprisonment today for his role in the criminal scheme.
What's the Scoop?
- Closed Case: Do Kwon has been sentenced to 15 years imprisonment, with credit for time served in the U.S. and Montenegro. On August 12, 2025, Kwon pleaded guilty to one count of conspiracy to commit fraud and one count of wire fraud in connection with his role at Terraform Labs.
- Enhanced Sentencing: Do Kwon's prison sentence exceeds both the five-year term sought by his defense team and the 12-year term recommended by federal prosecutors. Kwon could face additional prosecution in South Korea, his country of origin.
- Unmatched Scope: In defense of his aggressive sentence, presiding Judge Engelmayer labeled the Terra/Luna fraud "eye popping" and "unusually serious," supported by blatant lies that wreaked unprecedented financial havoc in their wake.
#breaking: Do Kwon has just been sentenced to 15 years - 3 more than the 12 years the US Attorney's Office agreed to ask for. Do Kwon wanted 5 years; rejected. Inner City Press live tweeted, thread below https://t.co/z1nLMTSxsN
— Inner City Press (@innercitypress) December 11, 2025
