Judge Investigates Charges Faced by Do Kwon in South Korea Before Sentencing in the US

ChainCatcher news, according to Finance Feeds, Do Kwon is scheduled to be sentenced in New York on Thursday after pleading guilty to two felony charges, but the presiding judge is urging both the prosecution and defense attorneys to clarify the situation he will face in South Korea.

U.S. District Judge Paul Engelmayer, in a document filed on Monday, requested both parties to provide detailed explanations of the charges, as well as the "maximum and minimum sentences" Do Kwon could face if extradited back to South Korea. In August, Do Kwon admitted to charges of wire fraud and conspiracy to commit fraud. These charges stem from his role in the 2022 collapse of Terraform Labs, whose stablecoin and token crash triggered a broader market downturn and caused significant losses to the entire crypto industry.

It is expected that Do Kwon will serve his sentence in the United States first, but Engelmayer's questions indicate that the court seeks a comprehensive understanding of the parallel criminal charges he faces in South Korea. The judge also asked both parties whether they agree that "the period Do Kwon was detained in Montenegro" should not be counted toward any sentence he serves in the United States. Do Kwon was detained in Montenegro for four months for using forged travel documents and spent over a year fighting extradition before being transferred to U.S. custody.