Do Kwon could face lighter sentence if extradited to South Korea

Terraform Labs co-founder Do Kwon, who was sentenced to 15 years in a U.S. court, could receive a lighter-than-expected sentence if extradited to South Korea, according to a report from the Beopryul Shinmun. While he could face a sentence of five years to life in prison in South Korea, the legal newspaper noted that Article 7 of the country's Criminal Act allows a judge's discretion to credit time served in a foreign prison toward a domestic sentence. Meanwhile, U.S. prosecutors have reportedly agreed not to oppose Kwon's transfer after he serves half of his term. This raises the possibility that Kwon could be sent to South Korea before completing his full U.S. sentence.