The post Do Kwon Faces Sentencing Next Week — Requests Maximum of Five Years appeared on BitcoinEthereumNews.com. Crime After more than two years of global pursuit, a prison stint in Montenegro, and a guilty plea in the United States, Do Kwon is now making his final case before sentencing — and he’s asking for no more than five years behind bars. Key Takeaways: Kwon wants a maximum five-year U.S. sentence, arguing he has already served enough time. South Korea still plans to prosecute him after the U.S. case. The Terra collapse continues to drive legal pressure on major crypto figures.  The Terraform Labs co-founder formally requested leniency through a court filing this week, arguing that the punishment he’s already endured has been severe enough. His attorneys highlighted the physical and psychological toll of his imprisonment overseas and emphasized that he has accepted responsibility for his role in the Terra collapse, one of the most catastrophic events in crypto market history. Terra’s crash still hangs over the case The implosion of Terra and its algorithmic stablecoin system in 2022 erased roughly $40 billion from the digital asset market and triggered widespread contagion across lending platforms, hedge funds and exchanges. Kwon initially avoided authorities after the collapse, but his arrest in Montenegro on falsified travel documents eventually led to extradition to the United States. Once in U.S. custody, he pleaded guilty to wire-fraud-related charges and agreed to surrender millions in personal assets — including property — as part of the plea deal. Prosecutors previously signaled they would not push for a sentence longer than 12 years, but Kwon’s team is now trying to bring that number dramatically lower. U.S. prison time won’t end the legal battle Even if the judge grants a lighter sentence, the matter will not end in Manhattan. South Korean prosecutors want Kwon transferred to Seoul once the American process concludes, and they are seeking a… The post Do Kwon Faces Sentencing Next Week — Requests Maximum of Five Years appeared on BitcoinEthereumNews.com. Crime After more than two years of global pursuit, a prison stint in Montenegro, and a guilty plea in the United States, Do Kwon is now making his final case before sentencing — and he’s asking for no more than five years behind bars. Key Takeaways: Kwon wants a maximum five-year U.S. sentence, arguing he has already served enough time. South Korea still plans to prosecute him after the U.S. case. The Terra collapse continues to drive legal pressure on major crypto figures.  The Terraform Labs co-founder formally requested leniency through a court filing this week, arguing that the punishment he’s already endured has been severe enough. His attorneys highlighted the physical and psychological toll of his imprisonment overseas and emphasized that he has accepted responsibility for his role in the Terra collapse, one of the most catastrophic events in crypto market history. Terra’s crash still hangs over the case The implosion of Terra and its algorithmic stablecoin system in 2022 erased roughly $40 billion from the digital asset market and triggered widespread contagion across lending platforms, hedge funds and exchanges. Kwon initially avoided authorities after the collapse, but his arrest in Montenegro on falsified travel documents eventually led to extradition to the United States. Once in U.S. custody, he pleaded guilty to wire-fraud-related charges and agreed to surrender millions in personal assets — including property — as part of the plea deal. Prosecutors previously signaled they would not push for a sentence longer than 12 years, but Kwon’s team is now trying to bring that number dramatically lower. U.S. prison time won’t end the legal battle Even if the judge grants a lighter sentence, the matter will not end in Manhattan. South Korean prosecutors want Kwon transferred to Seoul once the American process concludes, and they are seeking a…