Judge investigates charges Do Kwon faces in South Korea before his sentencing in the US

PANews, December 9—According to Finance Feeds, Do Kwon is scheduled to be sentenced in New York on Thursday after pleading guilty to two felony charges, but the presiding judge is urging prosecutors and defense attorneys to clarify his potential situation in South Korea. U.S. District Judge Paul Engelmayer, in a document filed on Monday, asked both parties to detail the charges and to specify the “maximum and minimum sentences” Do Kwon could face if extradited to South Korea.

In August, Do Kwon admitted to charges of wire fraud and conspiracy to commit fraud. These charges stem from his role in the 2022 Terraform Labs collapse, which triggered a broader market downturn and caused significant losses to the entire crypto industry. Do Kwon is expected to serve his sentence in the United States first, but Engelmayer’s inquiries indicate that the court seeks a comprehensive understanding of the parallel criminal charges he faces in South Korea. The judge also asked both parties whether they agree that “the period Do Kwon was detained in Montenegro” should not count toward any sentence he receives in the U.S. Do Kwon was detained in Montenegro for four months for using forged travel documents and spent over a year fighting extradition before being transferred to U.S. custody.