🤗 Do Kwon will be sentenced to 12-25 years in prison for the UST scam and #LUNA .
➟ Initially, he was facing a 135-year sentence, but yesterday he pleaded guilty to 2 out of 9 counts, and there are now specific details regarding the terms.
➟ The U.S. prosecutor recommends that the judge impose a 12-year prison sentence, although the court could ultimately give him the full 25…
➟ Kwon agreed to the confiscation of all his property + will pay an additional $19.3m to the victims (with interest). He already paid the SEC about $80m in 2024… Where did the money go?)
Final sentence: December 11, 2025. (Reuters)
