Do Kwon, co-founder of Terraform Labs, has been sentenced to 15 years in a U.S. federal prison for his role in the 2022 TerraUSD collapse. The sentence, handed down by Judge Paul Engelmeyer in the Southern District of New York, exceeds the prosecution's request for 12 years and the defense's plea for 5 years. Kwon admitted to misleading investors, and after serving half his sentence, he may face legal proceedings in South Korea. This ruling is part of broader global efforts to counter financial crimes and aligns with the EU's Markets in Crypto-Assets Regulation.