🔸 The U.S. prosecutor has recommended a 12-year prison sentence for Do Kwon, the founder of Terraform Labs, after he admitted to defrauding investors.
🔸 They claim that the collapse of Terra Luna caused even greater damage than FTX, Celsius, and OneCoin combined.
🔸 Kwon's lawyer requested a 5-year sentence, but U.S. authorities stated that the scale of the fraud is too large, necessitating a heavy sentence to deter similar cases.
🔸 The prosecutor indicated that Kwon lied about Terraform's technology, fled after the project collapsed, and tried to evade extradition.
🔸 The sentencing hearing for Do Kwon will take place on December 11 at the federal court in Manhattan, New York.
