Do Kwon's Trial Delayed to January 2026 Due to Massive Evidence
The trial of Do Kwon, the disgraced co-founder of Terraform Labs, has been delayed until January 2026 due to the sheer volume and complexity of evidence. This high-stakes case, one of the most significant in the history of cryptocurrencies, involves 6 terabytes of data and could set a crucial precedent for the industry's regulation.
The trial, which was initially set for an earlier date, has been postponed to allow both prosecution and defense teams ample time to review and process the extensive evidence. This includes data from four encrypted phones and Korean language documents, the translation of which is currently underway. The name of the individual supervising this translation remains unknown.
Do Kwon, who pleaded not guilty to all charges, faces up to 130 years in prison if convicted on nine counts, including securities fraud and money laundering conspiracy. He remains detained without bail. The next status conference is scheduled for March 6, 2025.
The collapse of Terra-Luna in 2022, which this trial aims to unravel, marked a turning point for the crypto industry. The case's outcome is eagerly anticipated, as it could significantly influence the future regulation of the sector worldwide.
