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[Terraform Labs Founder Do Kwon to Be Sentenced in New York, Prosecutors Request 12-Year Prison Term] Terraform Labs founder Do Kwon will be sentenced in New York by Judge Paul Engelmayer after pleading guilty to charges of conspiracy to commit commodity fraud, securities fraud, and wire fraud. Prosecutors have requested a 12-year prison term in the latest filings, citing his guilty plea, time served in Montenegro, and pending charges in South Korea, while federal sentencing guidelines recommend approximately 25 years. The TerraLUNA/UST collapse led by Do Kwon caused investor losses of up to $40 billion. His lawyers have requested a 5-year prison term and agreed to forfeit $19.3 million and certain assets as part of the plea agreement.