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US Prosecutors Request 12 Years in Prison for Terraform’s Do Kwon

U.S. prosecutors have asked a New York judge to impose a 12‑year prison term on Terraform Labs co‑founder Do Kwon, who pleaded guilty to wire fraud and conspiracy. The filing emphasizes Kwon’s role in the Terra collapse, which sparked the 2022 "Crypto Winter" and caused losses surpassing those of other high‑profile crypto frauds. Kwon was arrested in Montenegro, extradited to the U.S., and faces potential deportation to South Korea after serving any sentence. His sentencing follows comparable penalties for FTX’s Sam Bankman‑Fried and Celsius’s Alex Mashinsky.