--
[Do Kwon May Face Second Trial in South Korea After Receiving 15-Year Sentence in the U.S.] Terraform Labs co-founder Do Kwon, who was sentenced to 15 years in prison in the U.S. for orchestrating the $40 billion TerraUSD collapse, may still face a second trial in South Korea. South Korean prosecutors are seeking a sentence of over 30 years for Do Kwon on charges of violating capital market laws. After serving half of his sentence, Do Kwon may apply for transfer to South Korea, where approximately 200,000 Korean investors suffered losses totaling around 300 billion won ($204 million). Do Kwon has admitted to deliberately engaging in fraud between 2018 and 2022, which led to the collapse of TerraUSD and Luna in May 2022.