Do Kwon’s Trial Scheduled for 2026 Due to Evidence Review
Do Kwon, co-founder of Terraform Labs, will face trial in the U.S. in 2026 following a court decision to delay proceedings for evidence review. Key points include:
- The evidence comprises six terabytes of data, including encrypted files and documents in Korean.
- Four cell phones containing crucial information were handed to prosecutors by Montenegrin authorities.
- Kwon faces a nine-count indictment for securities fraud, wire fraud, commodities fraud, and money laundering related to the $40 billion collapse of the Terra/LUNA ecosystem.
- Over 1 million victims suffered losses from these alleged fraudulent activities.
- A New York jury previously found Kwon guilty, imposing a $4.5 billion penalty and leading to Terraform Labs' bankruptcy.
- The next status conference is scheduled for March 6, 2025.
The trial's outcome may influence future legal responses to large-scale crypto fraud cases.