Do Kwon's Trial for Terra-Luna Collapse Set for Jan 2026
The trial of Do Kwon, the co-founder and former CEO of Terraform Labs, is set for January 2026. The case, described as 'unprecedented' by Judge Paul Engelmayer, involves a vast amount of data, including encrypted smartphones and Korean-language documents. Kwon faces up to 130 years in prison if found guilty on nine charges related to the 2022 Terra-Luna collapse.
The trial's complexity stems from the sheer volume of evidence - a staggering 6 terabytes of data. This includes information from four encrypted phones and documents in Korean. The translation and decryption process is ongoing, with the specific experts involved not publicly disclosed. The next status conference is scheduled for March 6, 2025, to update the court on the progress.
Kwon pleaded not guilty to all charges and is currently being held without bail. The charges include securities fraud, conspiracy, and wire fraud, among others. If convicted, he could face a maximum of 130 years in prison.
The trial of Do Kwon is shaping up to be a complex and lengthy process, with the next key milestone being the status conference in March 2025. The outcome of the trial will have significant implications for the cryptocurrency industry and its regulations.
