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TechFlow news, December 5 — According to Bloomberg, U.S. prosecutors have recommended a 12-year prison sentence for Do Kwon, co-founder of Terraform Labs, due to his fraudulent actions that led to the $40 billion collapse of the TerraUSD (UST) stablecoin in 2022. Do Kwon is scheduled to be sentenced by U.S. District Judge Paul Engelmayer on December 11.
According to Bloomberg, U.S. prosecutors have recommended a 12-year prison sentence for Do Kwon, co-founder of Terraform Labs, for fraud that led to the $40 billion collapse of the TerraUSD (UST) stablecoin in 2022. Do Kwon is scheduled to be sentenced by U.S. District Judge Paul Engelmayer on December 11.
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