[Do Kwon Sentenced to 15 Years in Prison by U.S. Federal Judge] BlockBeats News, December 12: On Thursday, the U.S. District Court for the Southern District of New York announced that Terraform Labs founder Do Kwon has been sentenced to 15 years in prison for fraud and other actions related to the collapse of Terra and Luna tokens. The sentence exceeds the prosecution's earlier recommendation. Prosecutors had sought a 12-year sentence, citing Kwon's prior misconduct and the massive scale of the fraud involved, while Kwon's legal team requested a sentence of only 5 years. U.S. District Judge Paul Engelmayer stated that Kwon "chose to lie" and "made the wrong choices." Kwon was criminally charged in March 2023 with conspiracy to commit fraud, commodities fraud, wire fraud, securities fraud, conspiracy to commit fraud, as well as conspiracy to engage in market manipulation and money laundering. He later pleaded guilty to two charges—wire fraud and conspiracy to commit fraud—in August 2024. Without the plea agreement, Kwon could have faced a maximum sentence of 135 years if convicted on all nine charges. After agreeing to plead guilty to two charges, his maximum sentence was reduced to 25 years. Prosecutors had also previously sought a $19 million fine.