| Do Kwon Pled Guilty Asks 5
Years Now US Asks 12 As Cost More
than Greenwood or SBF
by
Matthew Russell Lee,
Patreon Book
Substack
SDNY
COURTHOUSE,
Dec 4 – After the collapse of
the crypto firm Terraform
Labs, Inner City Press covered
the SEC's trial against it and
Do Kwon - except that Kwon was
in Montenegro. Now, Do
Kwon book here
Early on
January 2, 2025 Inner City
Press learned and vlogged that
Kwon would be presented later
in the day before U.S.
District Court for the
Southern District of New York
Magistrate Judge Robert W.
Lehrburger.
The case was
reassigned to Judge Paul A.
Engelmayer to whom the US
Attorney's Office on January 6
directed a victims' notice
motion, on Patreon here
On August 11,
2025 Judge Engelmayer docketed
an order that Do Kwon was a
change of plea - to guilty -
on August 12 at 10:30 am.
Order on Patreon here.
On August 12
Inner City Press live tweeted
the guilty plea, including
AUSA saying her Office will
advocate for a 12 year
sentence if Do Kwon commits no
new crimes. Thread.
On November 26 Do
Kwon's lawyer wrote in a
heavily redacted submission
that he should be sentenced to
no more than five years, not
the 12 years cited in his plea
agreement - and the 12 years
imposed on Mashinsky. 23 page
filing on Patreon here
On
December 4 the US Attorney's
Office wrote in asking for 12
years, saying that Do Kwon
caused losses eclipsing those
of SBF, Mashinsky and
Greenwood of OneCoin combined.
More on Substack
here
The plea deal
provides "If the defendant is
eligible and applies to
transfer his sentence pursuant
to the international prisoner
transfer program, this Office
agrees to support the
defendant's transfer
application, provided that the
defendant does not otherwise
breach the plea agreement" -
plea agreement on Patreon here
More / extra on X
for Subscribers here,
Patreon (with earlier US case
status summary) here
Inner City Press
published a
book: "Crypto
Death Spiral:
Could a Luna
Rise Again?" by
Matthew Russell
Lee, ebook here, audiobook here.
Watch this site
The case is USA
v. Kwon, 1:23-cr-151
(Engelmayer)
***
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