Attorneys for Do Kwon asked a U.S. court to reduce his sentence to 5 years, citing harsh detention conditions abroad.

Defense petition and background

Defense lawyers argued that a 5 year term would be fair compared with the prosecutors' recommendation of 12 years, and requested credit for time spent in difficult conditions in Montenegro.

Guilty plea and forfeitures

Do Kwon has pleaded guilty to conspiracy and fraud connected to Terraform Labs, admitting responsibility for a scheme assessed at $40 billion.

He agreed to surrender assets totaling $19 million and real estate to authorities as part of his plea agreement.

Sentencing schedule and parallel risks

The final sentence is scheduled to be announced on 11 December in a U.S. federal court, where the judge will decide the term of imprisonment and restitution details.

Separately, South Korean authorities may pursue charges arising from the same matter, where Do Kwon faces a potential maximum sentence of up to 40 years under local law.