Do Kwon argues his sentence in the TerraUSD crash should not exceed five years.

According to Odaily Planet Daily, Do Kwon, co-founder of Terraform Labs, stated that his sentence in the United States for his involvement in a fraud case related to the approximately $40 billion TerraUSD stablecoin collapse in 2022 should not exceed five years.

Kwon pleaded guilty to conspiracy and wire fraud charges in August, thus avoiding trial. He was arrested and convicted last year in Montenegro for using a fake passport and was subsequently extradited to the United States as a fugitive from South Korea. (Bloomberg)