The US judge requested clarification on Do Kwon's potential sentence in South Korea and considered legal risks in multiple countries before sentencing...

According to Odaily Odaily, Terraform Labs co-founder Do Kwon will be sentenced in New York this Thursday after pleading guilty to two felony counts of wire fraud and conspiracy to commit fraud. Prior to sentencing, U.S. Federal Judge Paul Engelmayer requested that both the prosecution and defense clearly state the charges Kwon will face in South Korea and his "maximum and minimum sentence" in order to assess the legal risks he faces in multiple countries.

Court documents show that the judge wanted to know whether South Korea might release Kwon early if he were extradited after serving his sentence in the United States, and how his time in South Korea would be calculated. Kwon's lawyer stated that if he were extradited to South Korea, he would re-enter pretrial detention, and if convicted, could face up to 40 years in prison.

The document also states that the judge asked both parties whether they agreed to exclude Kwon's four months of imprisonment in Montenegro from his U.S. sentence to avoid double counting across jurisdictions. Kwon was detained in Montenegro for using forged travel documents and had contested multiple extradition requests there for over a year.

U.S. prosecutors are seeking at least 12 years in prison, arguing that the damage caused "exceeds the combined total of SBF, Mashinsky, and OneCoin's head, Greenwood." The defense, however, recommends a sentence of no more than 5 years.

Do Kwon disappeared after the Terra crash in 2022 and was arrested in Montenegro in 2023. He has been charged in both South Korea and the United States, and is expected to face further detention and trial in South Korea after serving his sentence in the US. A judge will issue a preliminary sentencing decision on Thursday, but the cross-jurisdictional nature of the case means it will continue for years to come. (Finance Feeds)