US Prosecutors Push for 12-Year Sentence as Do Kwon’s Terra Case Nears Final Judgment

• Prosecutors seek a 12-year term, calling the TerraUSD collapse a major fraud.
• Defense argues external market forces contributed to UST’s failure.
• Kwon faces sentencing after a guilty plea and extradition complications.

Federal prosecutors have asked a New York judge to impose a 12-year prison sentence on Terraform Labs co-founder Do-hyung Kwon, arguing that the collapse of TerraUSD amounted to a “colossal fraud” with consequences that rippled across the digital-asset market. The sentencing request, detailed in a new filing, marks one of the most consequential moments in a case tied to the collapse of an ecosystem that erased an estimated $40 billion and helped accelerate instability throughout the sector.

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