The U.S. criminal fraud trial of Do Kwon, co-founder and former CEO of Terraform Labs, has been scheduled to begin in January 2026. The decision was announced during an initial hearing in Manhattan, as prosecutors and defense attorneys prepare to review an extensive six-terabyte trove of evidence.

Here’s Why Terraform Co-Founder Do Kwon’s Trial Is Delayed Until 2026

According to a recent report from Manhattan’s Southern District Court, the criminal fraud trial of Terraform Co-Founder Do Kwon has been tentatively set for January 2026. This extended timeline accommodates the need for both prosecution and defense to thoroughly review the massive six-terabyte trove of data included in the discovery process.

Prosecutors noted several challenges that contributed to the delay, including difficulties unlocking four cell phones provided by Montenegrin authorities during Kwon’s extradition. Additionally, the data extracted from these devices requires translation from Korean into English.

Therefore, accessing and interpreting data has posed unique hurdles. The encrypted cell phones are expected to contain crucial evidence related to the charges against the Terraform Co-Founder.

 

This Is a Developing Story, Please Check Back For More

The post Just In: Terraform Co-Founder Do Kwon’s Trial To Begin In 2026 appeared first on CoinGape.

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Filed under: News - @ January 8, 2025 8:25 pm