
South Korean prosecutors said Do Kwon could face up to three additional decades in prison under capital market law if extradited after his U.S. sentence.
On Dec. 11, 2025, Terraform Labs co-founder Do Kwon was sentenced in Manhattan federal court to 15 years in prison for conspiracy to defraud and wire fraud tied to the TerraUSD collapse. Prosecutors in South Korea have stated that, under the capital market law, Kwon could face a separate trial and up to 30 more years in prison if extradited after serving his U.S. sentence. This follows a $40 billion wipeout from the TerraUSD and Luna crash, with Kwon already ordered to forfeit $19 million and settle a $4.5 billion SEC civil judgment.