[Terraform Labs Founder Do Kwon Sentenced to 15 Years in Prison by U.S. Judge] According to The Block, Terraform Labs founder Do Kwon has been sentenced to 15 years in prison for his role in the Terra-Luna token collapse. The 2022 collapse wiped out $40 billion. Do Kwon was sentenced on Thursday in the Southern District of New York, with the prison term exceeding the prosecution's earlier sentencing recommendation. Prosecutors had argued that, given Do Kwon's prior misconduct and the massive scale of the fraud, he should be sentenced to 12 years in prison, while Do Kwon's lawyers advocated for a sentence of just 5 years. U.S. District Judge Paul Engelmayer stated that Do Kwon "chose to lie" and "made the wrong choices." In March 2023, Do Kwon was criminally charged with conspiracy to commit fraud, commodities fraud, wire fraud, securities fraud, conspiracy to commit fraud, as well as market manipulation and conspiracy to commit money laundering. In August of the same year, Do Kwon subsequently pleaded guilty to wire fraud and conspiracy to commit fraud. Do Kwon may also face additional legal challenges in South Korea. He must serve at least half of his sentence before applying to be transferred to serve his sentence in South Korea. Additionally, it has been reported that the 17 months he served in a Montenegro prison will be counted toward his sentence.