U.S. Prosecutors Request 12-Year Prison Term for Do Kwon

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Dec 07 2025

Should l Buy IMX?

Prosecutors' Request: U.S. federal prosecutors are seeking a 12-year prison sentence for Do Kwon, co-founder of Terraform Labs, due to his involvement in the collapse of the Terra-Luna ecosystem, which resulted in $40 billion in losses.
Impact on Crypto Regulation: The case is seen as a pivotal moment for the cryptocurrency industry, potentially influencing future regulatory frameworks and practices, as well as setting a precedent for handling cases of crypto fraud.
Defense Arguments: Kwon's legal team is advocating for a reduced sentence of five years, citing his time served and the forfeiture of over $19 million in assets as mitigating factors.
Market Reactions: Despite the severity of the case, market reactions have been muted, suggesting that the potential for harsh penalties has already been anticipated by the industry.

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Technical Analysis for IMX

Technical Sentiment Analysis for Immutable (IMX) As of , Immutable (IMX) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for IMX stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, IMX is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Immutable (IMX) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0504	0.0897	0.13	0.169	0.209	0.248	0.288
Fibonacci	0.0897	0.12	0.139	0.169	0.199	0.218	0.248

About IMX

Immutable positions itself as the first layer-two scaling solution for NFTs on Ethereum. According to Immutable, its blockchain does away with Ethereum’s limitations like low scalability, a poor user experience, illiquidity, and a slow developer experience. Instead, users benefit from instant trading and massive scalability while enjoying zero gas fees for minting and trading NFTs without compromising user or asset security.Thanks to this technology, users will be able to create and distribute assets like ERC-20 and ERC-721 tokens on a massive scale. Chris Clay, the game Director of Gods Unchained, a project already building on Immutable, stated that Immutable allows Gods Unchained to implement a new meta-system that was previously impossible. In this fashion, Immutable aims to create a world-class experience for users and developers alike.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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