Terraform’s Do Kwon to Face 2026 Trial in NY On Fraud Charges

Terraform Labs laminitis Do Kwon is acceptable to look proceedings successful 2026 successful New York connected fraud charges, according to a Bloomberg report. Kwon is facing transgression fraud charges tied to the $40 cardinal illness of the TerraUSD unchangeable coin successful 2022.

According to US District Judge Paul Engelmayer successful NYC, Do Kwon’s proceedings is scheduled for January 26, 2026. It’s expected to past 4 to 8 weeks. Kwon has pleaded not guilty, aft returning to the US pursuing a 2-year extradition saga.

Arrested successful 2023, Kwon’s extradition has been the taxable of treatment for the past 2 years. Kwon was apprehended for attempting to alert from Montenegro with falsified documents. With South Korea inactive charging the erstwhile crypto mogul, the state had opted to nonstop him to the United States.

Source: Coingape

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The autumn of Terra Luna was a blindside swipe to the full cryptocurrency industry. Its illness successful 2022 preceded the autumn of platforms similar FTX, reshaping the full sector. Kwon had owned 92% of the fallen cryptocurrency and volition present beryllium prosecuted by the aforesaid tribunal that heard FTX laminitis Sam Bankman-Fried’s case. Indeed, Bankman-Fried was convicted successful November of 2023 and is present serving 25 years successful prison.

The transgression lawsuit is US v. Kwon, 23-cr-0151, US District Court, Southern District of New York (Manhattan).