Judge Schedules Do Kwon’s Criminal Trial for Early 2026 Weeks After Successful Extradition to US: Report

Disgraced Terraform Labs co-founder Do Kwon will reportedly go on trial within the US early subsequent 12 months.

Bloomberg experiences that New York District Choose Paul Engelmayer on Wednesday set the schedule for the trial, which is about to start on January 26, 2026 and is predicted to final one to 2 months.

Kwon is going through prison fraud expenses stemming from the 2022 collapse of the algorithmic stablecoin TerraUSD and the LUNA token. US prosecutors allege the 33-year-old misled buyers concerning the stability of the crypto property, resulting in the collapse of the $40 billion Terra ecosystem.

The event follows Kwon’s extradition from Montenegro. He was arrested at Podgorica airport in March 2023 when he tried to board a flight to Dubai utilizing a faux Costa Rican passport.

The South Korean software program engineer faces expenses in each the US and his native nation, however Montenegrin authorities determined to extradite him to america. He arrived within the US on December 31.

Kwon is charged with eight counts, together with conspiracy to defraud, two counts of commodity fraud, two counts of securities fraud, two counts of financial institution fraud and conspiracy to defraud and take part in market manipulation.

Kwon faces a most jail sentence of 130 years if convicted of all expenses.

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