NEW YORK, NY — Terraform Labs co-founder and former CEO Do Kwon’s criminal fraud trial in the U.S. has been tentatively scheduled for next January, allowing prosecutors and Kwon’s defense attorneys adequate time to review the “massive” six-terabyte trove of data expected to be produced during the discovery process.

Kwon Do-hyung's trial for the collapse of Terra and Luna is set for January 2026, facing nine charges with a potential 130-year sentence.

Do Kwon's trial on TerraUSD collapse charges is set for Jan 2026 in NYC. Prosecutors grapple with vast evidence and translation challenges.

Do Kwon, the South Korean cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion in 2022, pleaded not guilty on Thursday to U.S. criminal fraud charges after being extradited from Montenegro this week.

Terraform Labs co-founder pleaded not guilty in the first U.S. court appearance. Do Kwon was extradited to the U.S. after losing a battle to

Korean crypto mogul Kwon Do-hyeong will stand trial on criminal fraud charges in the United States in January next year as he was extradited from Montenegro to face the charges late last month, according to Bloomberg.

Do Kwon, founder of Terraform Labs, is officially heading to trial in January 2026. The charges? Criminal fraud tied to the $40 billion collapse of TerraUSD and Luna, two cryptocurrencies that turned the crypto market upside down in 2022.