โ๏ธ ๐๐จ ๐๐ฐ๐จ๐ง'๐ฌ ๐๐ฎ๐ซ๐ฒ ๐๐ซ๐ข๐๐ฅ ๐๐๐ก๐๐๐ฎ๐ฅ๐๐ ๐๐จ๐ซ ๐๐๐ง๐ฎ๐๐ซ๐ฒ 2026 โ๏ธ
Do Kwon, co-founder of Terraform Labs, is set to face a jury trial in January 2026 in the United States. He pleaded not guilty to multiple charges, including wire, securities, and commodities fraud, related to the $40 billion collapse of the TerraUSD (USDT) stablecoin and its associated token, LUNA.
After his arrest in Montenegro in March 2023 for attempting to travel with a forged passport, Kwon was extradited to the U.S. in December 2024. He appeared before U.S. Magistrate Judge Robert Lehrburger in Manhattan, agreeing to remain in custody without bail.
The charges allege that Kwon misled investors about the capabilities and adoption rates of the Terra blockchain, contributing to its catastrophic collapse. If convicted on all counts, he faces a maximum penalty of 130 years in prison.
What impact do you think this trial will have on the broader cryptocurrency market? Share your thoughts!
๐ ๐จ๐ซ ๐๐๐ข๐ฅ๐ฒ ๐๐ฎ๐ญ๐ก๐๐ง๐ญ๐ข๐ ๐ง๐๐ฐ๐ฌ ๐ฎ๐ฉ๐๐๐ญ๐๐ฌ, ๐๐จ๐ฅ๐ฅ๐จ๐ฐ, ๐ฅ๐ข๐ค๐, ๐๐ง๐ ๐ฌ๐ก๐๐ซ๐! ๐๐ก๐๐ง๐ค๐ฌ ๐๐จ๐ซ ๐ซ๐๐๐๐ข๐ง๐ , ๐๐ง๐ ๐ฌ๐ญ๐๐ฒ ๐ญ๐ฎ๐ง๐๐ ๐๐จ๐ซ ๐ฆ๐จ๐ซ๐ ๐ฎ๐ฉ๐๐๐ญ๐๐ฌ ๐๐ง๐ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ.
Source: CryptoSlate, Financial Times
