The post 4TB of New Evidence Forces Delay in Do Kwon’s U.S. Court Proceedings appeared on BitcoinEthereumNews.com.

Do Kwon’s status conference has been delayed from March to April after authorities found new evidence related to the case.  His final trial is still scheduled for January 2026. In his recent appearance at the court, he pleaded not guilty to the fraud charges. The “status conference” of Terraform Labs co-founder Do Kwon has been postponed from March 6 to April 10 after prosecutors found four additional terabytes of evidence. According to the report, the latest discovery includes data from four various electronic accounts and third-party entities. Meanwhile, 600GB of evidence, which contains the phone data, emails, and crypto transaction records of the defendant, was recently released. Despite this delay, Kwon’s final trial is still scheduled for January 26, 2026 as confirmed in our recent blog post. Both parties are expected to submit pretrial motions by July 1 while the response deadline is fixed on August 11. Kwon was arrested in Montenegro in March 2023 when his algorithmic stablecoin TerraClassicUSD (USTC) lost its peg to the US Dollar, falling from $1 to $0.01 within a short time. As mentioned in our previous news brief, this triggered a panic withdrawal, forcing a whopping sum of $60 billion out of the crypto market. Initially, Kwon went into hiding in Singapore and Dubai and later attempted to travel with a fake Costa Rican passport. On December 31, 2024, he arrived in the US and made his initial appearance at the United States District Court for the Southern District of New York for an initial conference. According to the details provided by the US Justice Department, Kwon pleaded not guilty to the fraud charges in his earlier appearance before the U.S. Magistrate Judge Robert Lehrburger in Manhattan, as covered in our previous report. More About the Do Kwon’s Case According to the Attorney for…

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Filed under: News - @ March 5, 2025 6:26 pm