Terraform Labs founder Do Kwon to be sentenced today, may face 12 years in prison

Jinse Finance reported, citing market sources: Do Kwon, the founder of Terraform Labs and the main instigator of the 2022 Terra/LUNA and UST ecosystem collapse, will be sentenced later today in New York. He pleaded guilty to multiple charges in August this year, including conspiracy to commit commodities fraud, securities fraud, and wire fraud. Prosecutors, citing several factors including his guilty plea, have requested the court to sentence Kwon to 12 years in prison.