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Terraform Labs co-founder Do Kwon is scheduled to be tried on Jan. 26, 2026, according to a status conference following his extradition to the US, Inner City Press reported on Jan. 8. The court has scheduled a pretrial conference for Mar. 6, 2025, with updates due by Feb. 27.
In a latest development, The trial for Do Kwon is set for 2026 as lawyers navigate a massive trove of evidence. Do Kwon's criminal fraud trial in the U.S. is tentatively set for next January, giving both prosecutors and his defense team enough time to review the large six-terabyte data expected during the discovery process.
Prosecutors are currently working to unlock four of Kwon's cell phones provided by Montenegrin authorities.
As part of discovery proceedings, prosecutors said they would search the Terraform Labs co-founder's emails and Twitter account.
Court documents allege that Do Kwon's crypto ecosystem Terra may have affected over a million victims when UST and LUNA collapsed in 2022.
Do Kwon faces U.S. criminal charges as prosecutors allege his Terra ecosystem misled investors, causing over $40 billion in losses.
Do Kwon, the former CEO of Terraform Labs, is currently under intensive investigation by US officials who allege that he committed fraud that affected over a million people worldwide. During Kwon's trial in a New York court, prosecutors provided a detailed account of the far-reaching consequences of his alleged financial misconduct.
U.S. prosecutors estimate that Do Kwon, co-founder of Terraform Labs, may have defrauded over one million victims globally, prompting the government to seek a public notice procedure to inform them of their rights under the Justice for All Act. The post U.S. Government Seeks Public Notice Procedure for Over 1M Victims in Do Kwon Fraud Case appeared first on Cryptonews.
Former Terraform Labs CEO Do Kwon faces up to 130 years in prison after being extradited to the US, where he pleaded not guilty to fraud charges related to the $40 billion Terra cryptocurrency collapse.
The fallout from the collapse of Terraform Labs continues to unfold, with prosecutors estimating that its co-founder may have defrauded over one million people worldwide. This staggering number stems from the implosion of the Terra ecosystem in 2022, which sent shockwaves through the crypto market and triggered a cascade of bankruptcies among major firms.
US prosecutors estimate over one million victims worldwide were impacted by the collapse of Terraform Labs' ecosystem, as Do Kwon faces criminal charges for fraud and misconduct.
US prosecutors overseeing the criminal case against Do Kwon, co-founder of Terraform Labs, estimate that over one million individuals could have been affected by the ecosystem's collapse.
Kwon, recently extradited to the US from Montenegro, pleaded not guilty to his criminal charges in a New York court last week.
U.S. prosecutors estimate that Do Kwon, co-founder of Terraform Labs, could potentially have one million victims all around the globe following the downfall of the Terra ecosystem.
The Terraform Labs co-founder is in US custody after pleading not guilty to nine felony charges related to fraud at the platform.
Do Kwon, Terraform Labs co-founder, was extradited to the US by Montenegro, bypassing South Korea's petition.
According to Reuters, Do Kwon appeared before Magistrate Judge Robert W. Lehrburger in the Southern District of New York.
The Government estimates that the number of victims of Kwon's actions exceeds hundreds of thousands and potentially totals more than one million.
Several events feature among the top crypto news this week, with this article giving traders and investors a chance to get ahead of the respective ecosystem developments.
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry as SPX6900 crossed a $1.1 billion capitalization earlier Friday to set a new record. Plus, BlackRock's IBIT bled over $332 million and Do Kwon pleaded not guilty to charges of fraud.
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
Terraform Labs co-founder Do Kwon has pleaded not guilty to multiple criminal charges in a Manhattan court after being extradited to the U.S.
Do Kwon, co-founder of Terraform Labs, has been extradited to the U.S. and faces multiple federal fraud charges, potentially resulting in up to 130 years in prison for orchestrating a scheme that caused over $40 billion in investor losses. The post Do Kwon Indicted on Multiple Charges, Could Face Up to 130 Years in Prison appeared first on Cryptonews.
Terraform Labs co-founder Do Kwon pleaded not guilty in his first US court hearing on charges including securities fraud and money laundering.
