Do Kwon’s Lawyers Argue He Should Receive No More Than a 5-Year Prison Sentence

• Terraform Labs co-founder Do Kwon requested a maximum 5-year prison term, citing “brutal” time served in Montenegro.
• In a strategic pivot, Kwon admitted to hiding Jump Trading’s role in the 2021 peg restoration, claiming he was pressured to keep it secret.
• Lawyers argue the $40B collapse was partly triggered by a “coordinated third-party attack,” citing Chainalysis data.

Do Kwon, the architect of the $40 billion Terra-Luna collapse, has formally requested the U.S. federal judge to cap his prison sentence at five years. In a sentencing memorandum filed Wednesday, Kwon’s legal team argued that anything longer would be “excessive” given the “brutal” conditions he endured during his detention in Montenegro. 

Analyst Alexander Osipovich has reviewed Kwon’s plea, highlighting its details and explaining why Kwon believes he could get a relatively lenient sentence.

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