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Murugaverl Mahasenan

Do Kwon receives 15-year US federal sentence in New York on December 12, 2025

Terraform Labs founder Do Kwon was sentenced to 15 years in a New York federal court on December 12, 2025. The case involves fraud linked to TerraUSD and Luna, whose 2022 collapse erased about $40 billion in market value. He pleaded guilty in August to wire fraud and conspiracy, and prosecutors sought additional financial penalties.
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