Terraform Labs Founder Do Kwon Awaits Sentencing in Manhattan Court

According to BlockBeats, Terraform Labs founder Do Kwon is set to receive his sentence later today in a Manhattan court from U.S. District Judge Paul Engelmayer. Prosecutors have recommended a 12-year prison term, citing his guilty plea among other factors. Previously, during a hearing overseen by Judge Engelmayer in the Southern District of New York, Do Kwon admitted guilt to charges of conspiracy to commit fraud and wire fraud. In January, he had pleaded not guilty to an indictment that included nine charges, such as securities fraud, wire fraud, commodities fraud, and money laundering.