**Do Kwon Sentenced to 15 Years in Prison, Sentence Confirmed After Terra-Luna Collapse**

In connection with the collapse of the Terra ecosystem, Terraform Labs founder Do Kwon has been sentenced to 15 years in prison. Judge Paul Engelmayer of the Southern District of New York stated that Do Kwon "chose to lie and made the wrong decision," leading to this verdict.

**Token Crash Incident Causing $40 Billion Loss**

The Terra-Luna token collapse in 2022 resulted in a market loss of $40 billion. It is recorded as one of the largest project failures in cryptocurrency history.

**Differences in Opinions Between Prosecutors and Defense**

Prosecutors requested a 12-year sentence considering Do Kwon's previous misconduct and fraud scale, while the defense argued for a 5-year sentence. The final sentence of 15 years exceeds the prosecutors' request.

**Criminal Acts Reflected in the Multiple Fraud Charges**

In March 2023, Do Kwon was indicted on multiple charges including conspiracy to commit fraud, commodity fraud, wire fraud, securities fraud, market manipulation, and conspiracy to launder money. In August of the same year, he pleaded guilty to wire fraud and conspiracy to commit fraud, and this fraud sentence marks the conclusion of the U.S. judicial process.

**Additional Legal Procedures and Incarceration Plans**

Do Kwon is also expected to face additional legal penalties in South Korea. Reports indicate he will serve at least half of his sentence in the U.S. before being transferred to South Korea, and his 17-month incarceration in a Montenegro prison is expected to be included in his sentence.