United States v. Do Hyeong Kwon

Decisions and steps

1. 31 December 2024Kwon arrives in the United States after extradition from Montenegro^S5
2. 12 August 2025Guilty plea to two counts^S3
3. 11 December 2025Sentenced to 15 years and forfeiture of over US$19 million^S4

Claims this case bears on

• Supported97
  The US Department of Justice said Do Kwon pleaded guilty to fraud and was sentenced on 11 December 2025 to 15 years in prison with forfeiture of more than US$19 million.
  Regulator statement, 11 December 20253 records citedFraud
• Outdated92
  At Do Kwon's extradition in January 2025 the Department of Justice said he faced a nine count indictment carrying a maximum sentence of 130 years in prison.
  Regulator statement, 2 January 20253 records citedFraud

Sources

1. S5Tier A Do Kwon Extradited To The United States From Montenegro To Face Charges Relating To Fraud Resulting In $40 Billion In LossesUS Department of Justice, US Attorney's Office, Southern District of New York. Government press release. 2 January 2025.Supports the extradition date, the nine count indictment and the 130 year maximum. An indictment is an allegation.
2. S3Tier A Do Kwon Pleads Guilty To FraudUS Department of Justice, US Attorney's Office, Southern District of New York. Government press release. 12 August 2025.Supports the guilty plea, the counts and the scheme description. The scheme detail beyond the plea remains prosecution allegation.
3. S4Tier A Crypto-Enabled Fraudster Sentenced For Orchestrating $40 Billion FraudUS Department of Justice, US Attorney's Office, Southern District of New York. Government press release. 11 December 2025.Supports the 15 year sentence, the forfeiture of over US$19 million and the counts. This is the conviction record.