[U.S. Prosecutors Recommend 12-Year Prison Sentence for Do Kwon] According to Bloomberg, U.S. prosecutors stated in court documents submitted to a federal judge in New York on Thursday evening that the fraudulent actions of Terraform Labs Pte. co-founder Do Kwon were of a 'massive scale' and should be met with severe punishment. They recommended a 12-year prison sentence. Prosecutors pointed out that Do Kwon lied to customers, triggering a series of cascading crises in the cryptocurrency sector, including the collapse of SBF's FTX exchange. U.S. District Judge Paul Engelmayer is scheduled to sentence Do Kwon on December 11.