Do Kwon Faces 130 Years for Alleged $40B Crypto Fraud Scheme?

Do Hyeong Kwon, co-founder of Terraform Labs, was extradited to the U.S. on December 31, 2024. He faces multiple federal charges, including fraud and conspiracy, which collectively carry a maximum penalty of 130 years. Authorities allege Kwon's actions caused investor losses exceeding $40 billion.

The U.S. Department of Justice (DOJ) accuses Kwon of orch…