Quan Dao Xingyin was sentenced to 15 years in prison by a U.S. court for the Terra-Luna collapse case

Source: HanKyungBlockchain Original Title: Kwon Do-hyung Sentenced to 15 Years in U.S. Court… “Causing Extremely Serious Financial Damage”

Original Link: https://www.hankyung.com/article/202512129082B

Terraform Labs co-founder Kwon Do-hyung was sentenced to 15 years in prison by the Southern District Court of New York for the 2022 Terra-Luna collapse incident.

According to CoinDesk, U.S. Judge Paul Engelmayer imposed a 15-year sentence, far exceeding the 12-year recommendation from prosecutors and the 5-year plea suggested by defense attorneys. Kwon Do-hyung must serve half of his sentence before he can apply for repatriation to South Korea.

Before the sentencing, investors affected by the Terra and Luna collapses testified via phone in court about their losses. Judge Engelmayer described this as “extremely serious financial damage.”

Kwon Do-hyung pleaded guilty in August, admitting to two charges: conspiracy to commit commodity securities fraud and conspiracy to commit wire fraud. The original case involved nine charges, with a maximum sentence of 135 years, but after Kwon’s plea, prosecutors narrowed the charges, reducing the maximum sentence to 25 years. Based on this, prosecutors recommended a 12-year sentence and agreed to support his international repatriation to South Korea after serving half of his sentence.

However, Kwon’s potential repatriation raised concerns in court. Judge Engelmayer questioned, “How can the U.S. control the possibility of Kwon being released early in South Korea?” and requested more information from both governments. U.S. prosecutors stated they “have not yet obtained specific information,” while South Korean prosecutors only responded that “the level of punishment cannot be publicly disclosed, but Kwon is currently defending himself against related charges in South Korea.”

Another point of controversy is whether the 17 months Kwon was detained in Montenegro should be counted toward his U.S. sentence. Prosecutors indicated that “except for the 4 months served for passport fraud, the remaining time might be credited toward his U.S. sentence,” but the exact reduction has not yet been determined.