U.S. prosecutors have recommended a 12-year prison sentence for Terraform Labs co-founder Do Kwon, arguing that the financial damage linked to the collapse of the Terra ecosystem exceeds the combined losses seen in the cases of Sam Bankman-Fried, Alex Mashinsky, and Carl Sebastian Greenwood.The request was submitted to the New York District Court four months after Kwon pleaded guilty to two fraud charges. Prosecutors insist that his actions not only accelerated Terraform’s downfall but also contributed to the broader onset of the “crypto winter.”They also called for full forfeiture of any income tied to his conduct.Defense Seeks Leniency as Global Legal Pressures MountKwon was indicted in the United States in 2023 on charges that included securities fraud and money laundering. After Terra’s collapse, he went into hiding before being arrested in Montenegro on unrelated offenses and later extradited to the U.S.Now, the court must determine his final sentence. Judges are not bound by the prosecution’s request — meaning the punishment could be shorter or significantly longer than 12 years.Defense Cites Harsh Consequences in South KoreaKwon’s legal team is pushing for a sentence of no more than five years, arguing that once his U.S. sentence is served, he will be deported directly to South Korea, where he faces up to 40 years in prison. They emphasize that Kwon will not be eligible for release between the two proceedings.When determining his punishment, the judge will weigh both sides’ arguments and compare similar cases.Sam Bankman-Fried: 25 yearsAlex Mashinsky: 12 yearsCarl Sebastian Greenwood: 20 years for OneCoinAs reported earlier, Bankman-Fried has claimed that his own case involved judicial bias and has requested a review.The final sentencing of Do Kwon is expected to set one of the most significant precedents in crypto-related criminal cases.U.S. prosecutors have recommended a 12-year prison sentence for Terraform Labs co-founder Do Kwon, arguing that the financial damage linked to the collapse of the Terra ecosystem exceeds the combined losses seen in the cases of Sam Bankman-Fried, Alex Mashinsky, and Carl Sebastian Greenwood.The request was submitted to the New York District Court four months after Kwon pleaded guilty to two fraud charges. Prosecutors insist that his actions not only accelerated Terraform’s downfall but also contributed to the broader onset of the “crypto winter.”They also called for full forfeiture of any income tied to his conduct.Defense Seeks Leniency as Global Legal Pressures MountKwon was indicted in the United States in 2023 on charges that included securities fraud and money laundering. After Terra’s collapse, he went into hiding before being arrested in Montenegro on unrelated offenses and later extradited to the U.S.Now, the court must determine his final sentence. Judges are not bound by the prosecution’s request — meaning the punishment could be shorter or significantly longer than 12 years.Defense Cites Harsh Consequences in South KoreaKwon’s legal team is pushing for a sentence of no more than five years, arguing that once his U.S. sentence is served, he will be deported directly to South Korea, where he faces up to 40 years in prison. They emphasize that Kwon will not be eligible for release between the two proceedings.When determining his punishment, the judge will weigh both sides’ arguments and compare similar cases.Sam Bankman-Fried: 25 yearsAlex Mashinsky: 12 yearsCarl Sebastian Greenwood: 20 years for OneCoinAs reported earlier, Bankman-Fried has claimed that his own case involved judicial bias and has requested a review.The final sentencing of Do Kwon is expected to set one of the most significant precedents in crypto-related criminal cases.

                                                                               Macro analyst Luke Gromen’s comments come amid an ongoing debate over whether Bitcoin or Ether is the more attractive long-term option for traditional investors.                     Macro analyst Luke Gromen says the fact that Bitcoin doesn’t natively earn yield isn’t a weakness; it’s what makes it a safer store of value.“If you’re earning a yield, you are taking a risk,” Gromen told Natalie Brunell on the Coin Stories podcast on Wednesday, responding to a question about critics who dismiss Bitcoin (BTC) because they prefer yield-earning assets.“Anyone who says that is showing their Western financial privilege,” he added.Read more