Disgraced Terraform Labs co-founder Do Kwon will reportedly face trial in the US early next year. Bloomberg reports that New York District Judge Paul Engelmayer on Wednesday set the schedule of the trial, which will begin on January 26th, 2026 and is anticipated to last from one to two months. Kwon is facing criminal fraud […]
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Do Kwon’s alleged schemes could have impacted more than 1 million victims worldwide, according to US prosecutors. US authorities extradited Kwon, the disgraced co-founder of the Terra (LUNA) ecosystem, late last month. Kwon faces fraud charges related to the multibillion-dollar downfall of Terra in 2022. In a recently submitted court document, prosecutors argue that Kwon’s […]
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New court documents reveal that authorities plan to search through disgraced Terra (LUNA) founder Do Kwon’s personal emails, social media accounts, financial records, and more. According to a new court memo, investigators say they will sift through massive amounts of Kwon’s personal data to gather evidence against him. “The Government anticipates that Rule 16 discovery […]
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As part of discovery proceedings, prosecutors said they would search the Terraform Labs co-founder’s emails and Twitter account.
Update (Jan. 8 at 4:45 pm UTC): This article has been updated to include details from a Jan. 8 status conference.
Update (Jan. 8 at 6:18 pm UTC): This article has been updated to include the start date for Do Kwon’s trial.
Prosecutors representing the US government in its criminal case against Do Kwon have laid out their plans for discovery, including requesting search warrants for the Terraform Labs co-founder’s email and Twitter accounts.
The Terraform Labs co-founder is in US custody after pleading not guilty to nine felony charges related to fraud at the platform.
Prosecutors with the United States government overseeing Do Kwon’s criminal case have estimated that the Terraform Labs’ co-founder could potentially have more than one million victims across the world after the collapse of the ecosystem.
In a Jan. 6 filing in the US District Court for the Southern District of New York, Acting US Attorney Daniel Gitner notified the court of the procedures to inform Kwon’s victims of their rights in his criminal case.
According to the US Attorney, the government would set up a website about public proceedings in Kwon’s case as other methods for affording victims their rights were “impracticable.”
Do Kwon, Terraform Labs co-founder, was extradited to the US by Montenegro, bypassing South Korea’s petition.
Terraform Labs co-founder Do Kwon was handed over to United States law enforcement by authorities in Montenegro after a months-long battle over where he would be extradited.
Montenegrin Prime Minister Milojko Spajić said in a Dec. 31 X post that Kwon was in US custody and would face criminal charges in the case involving the collapse of Terra.
Kwon’s handover to the US occurred four days after the Montenegrin Justice Minister Bojan Božović approved the extradition, rejecting a petition from South Korea, despite Kwon holding citizenship and facing charges there.
The Terraform Labs co-founder was indicted on eight felony charges in 2023 but will likely face an additional count for money laundering conspiracy.
The United States Attorney’s Office revealed an additional charge for Terraform Labs co-founder Do Kwon following his extradition from Montenegro: money laundering conspiracy.
In a superseding indictment unsealed on Jan. 2 in the US District Court for the Southern District of New York, US Attorney Damian Williams alleged Kwon conspired with others to commit money laundering.
According to the US Attorney, the Terraform co-founder facilitated transactions of more than $10,000 on the platform “knowing that the property involved in certain financial transactions represented the proceeds of some form of unlawful activity.”
The disgraced co-founder of the Terra (LUNA) ecosystem is set to appear in a US court today after recently being extradited from Montenegro. According to a new report by Reuters, Do Kwon is facing fraud charges in the US related to the multibillion-dollar downfall of Terra in 2022 and will make his first court appearance […]
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Montenegrin authorities extradited crypto entrepreneur Do Kwon to the United States on Sunday to face fraud charges related to the $40 billion collapse of the Terra ecosystem in 2022. According to a Reuters report, Kwon, who co-founded Terraform Labs, was arrested in Montenegro last March while attempting to board a flight using a fake Costa […]
The post Terraform Labs Founder Do Kwon Handed Over to US Authorities Days After Montenegro Approved Extradition: Report appeared first on The Daily Hodl.
Do Kwon, the South Korean founder of Terraform Labs, has been extradited to the United States. Authorities in the country accused Do Kwon of orchestrating a multi-billion dollar crypto fraud following the collapse of his company’s Terrausd and Luna cryptocurrencies in 2022. The collapse caused billions of dollars in losses across the market. Do Kwon […]