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    1. coinfeeds-bot on

      tldr; Terraform Labs co-founder Do Kwon has requested a US judge to limit his prison sentence to five years for his role in the Terra ecosystem collapse, which caused a $40 billion loss in crypto markets in 2022. Kwon pleaded guilty to wire fraud and conspiracy charges and agreed to forfeit $19 million and properties. He has already served time in harsh conditions in Montenegro. While US prosecutors agreed not to seek more than 12 years, South Korean authorities are pursuing a separate case, seeking up to 40 years in prison.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

    2. letsdrinktothat on

      So does the South Korean case only start after he finishes his US prison sentence and gets extradited, or will the Koreans try him in absentia, I wonder? And are South Korean prisons nicer than American ones? 🤔

    3. I mean, if he could limit my losses to.. oh, wait, it’s all gone. Seriously fuck this guy

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