Do Kwon's Trial Date Set for January 26, 2026!

Do Kwon, co-founder of Terraform Labs, is set to stand trial on January 26, 2026, for criminal fraud charges related to the $40 billion collapse of the TerraUSD stablecoin. The trial will take place in the Southern District of New York and is expected to last between four to eight weeks.

Kwon faces multiple charges, including securities fraud, wire fraud, commodities fraud, and conspiracy. The collapse of TerraUSD in May 2022 had a significant impact on the broader cryptocurrency market, contributing to the downfall of several major firms.