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flag U.S. prosecutors seek 12 years in prison for Terraform co-founder Do Kwon over a $40 billion crypto fraud scheme.

flag U.S. prosecutors have requested a 12-year prison sentence for Do Kwon, co-founder of the collapsed cryptocurrency firm Terraform, over his role in a fraud scheme that led to the loss of approximately $40 billion in investor funds. flag The request was made during sentencing proceedings related to Kwon’s conviction on federal charges tied to the 2022 collapse of the TerraUSD stablecoin and its sister token Luna.

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