Do Kwon Falls Hard — Terraform Labs Chief Gets 15 Years For Wire Fraud

Do Kwon, the South Korean co-founder of Terraform Labs, was sentenced to 15 years in prison on December 11, 2025 in a Manhattan federal court after pleading guilty to fraud tied to the collapse of the TerraUSD stablecoin and its sister token, Luna.According to court documents and news reports, the judge described the scheme as a massive fraud that left thousands of investors facing heavy losses.
Sentence And Court Ruling
Judge Paul A. Engelmayer handed down the 15-year term after prosecutors urg