Do Kwon: The sentence for participating in the fraud case of the TerraUSD stablecoin collapse should not exceed five years.

BlockBeats news, on November 27, reported by Bloomberg, Do Kwon, co-founder of Terraform Labs Pte., stated that his sentencing in the U.S. for involvement in the 2022 $40 billion TerraUSD stablecoin collapse-related fraud case should not exceed five years. Kwon pleaded guilty to conspiracy and telecommunications fraud charges in August, thus avoiding a trial. He was previously arrested in Montenegro and convicted for using a fake passport as a fugitive wanted by South Korea, and was subsequently extradited to the U.S.