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Do Kwon’s Criminal Trial to Start on January 2026 Beincrypto 08 Jan 2025

Do Kwon’s Criminal Trial to Start on January 2026 ⚖️

Terra Do Kwon South Korea FTX Terraform Labs

Do Kwon, co-founder of Terraform Labs, faces a criminal fraud trial in the US starting January 2026, delayed due to six terabytes of data discovery.

Prosecutors are struggling to decrypt phones and translate Korean documents. Kwon faces nine charges, including securities and wire fraud, following the Terra/LUNA collapse.

The case could result in a 130-year sentence, surpassing FTX's scandal due to higher stakes and victim counts. Kwon's extradition from Montenegro aided US jurisdiction.

Despite a $4.47 billion SEC settlement in 2024, Kwon still deals with severe allegations and a potential harsh US trial outcome.

Source: beincrypto.com ↗

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