⚖️ 𝐃𝐨 𝐊𝐰𝐨𝐧'𝐬 𝐉𝐮𝐫𝐲 𝐓𝐫𝐢𝐚𝐥 𝐒𝐜𝐡𝐞𝐝𝐮𝐥𝐞𝐝 𝐟𝐨𝐫 𝐉𝐚𝐧𝐮𝐚𝐫𝐲 2026 ⚖️

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!

𝐅𝐨𝐫 𝐝𝐚𝐢𝐥𝐲 𝐚𝐮𝐭𝐡𝐞𝐧𝐭𝐢𝐜 𝐧𝐞𝐰𝐬 𝐮𝐩𝐝𝐚𝐭𝐞𝐬, 𝐟𝐨𝐥𝐥𝐨𝐰, 𝐥𝐢𝐤𝐞, 𝐚𝐧𝐝 𝐬𝐡𝐚𝐫𝐞! 𝐓𝐡𝐚𝐧𝐤𝐬 𝐟𝐨𝐫 𝐫𝐞𝐚𝐝𝐢𝐧𝐠, 𝐚𝐧𝐝 𝐬𝐭𝐚𝐲 𝐭𝐮𝐧𝐞𝐝 𝐟𝐨𝐫 𝐦𝐨𝐫𝐞 𝐮𝐩𝐝𝐚𝐭𝐞𝐬 𝐚𝐧𝐝 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬.

Source: CryptoSlate, Financial Times