Judge Criticizes Prosecutors, Kwon Sentenced
Update: 2025-12-12
Description
Do Kwon, co-founder of Terraform Labs, faces a delayed sentencing for his role in a massive crypto fraud that wiped out $50 billion from the market in 2022. Judge Paul Engelmeyer expressed frustration with prosecutors for submitting hundreds of victim statements at the last minute, leading to a potential six-week delay. However, Kwon and his legal team decided against rescheduling, waiving their right to appeal based on the late disclosure. The judge criticized the government for their poor timing and disrespectful process, urging improvement for future cases.
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