Do Kwon’s Legal Battle Intensifies as New Evidence Delays Hearing
Do Kwon's legal saga continues to intensify as new developments emerge.
The US federal court hearing, initially scheduled for March 6, has been postponed after prosecutors revealed an overwhelming volume of new evidence—amounting to four terabytes of data. This significant discovery has added complexity to the case against the Terraform Labs co-founder.
Previously, prosecutors had already handed over 600 gigabytes of evidence, including information from Kwon’s phones, emails, and other accounts. However, the massive new data load has forced the court to delay the hearing until April 10, allowing both the prosecution and defense more time to examine the materials. The judge’s decision reflects the importance of these new findings and their potential impact on the case.
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Despite this delay, the trial date remains set for January 2026. Both legal teams must submit pretrial motions by July 1, with replies due by August 11. The new evidence will likely shape the arguments in the upcoming trial.
Kwon’s ongoing legal battle began after the collapse of Terraform Labs in May 2022, when its algorithmic stablecoin, TerraClassicUSD (USTC), caused $60 billion in market losses. His subsequent arrest in Montenegro in March 2023, following his evasion of authorities, added another chapter to the saga. After serving time in Montenegro, Kwon was extradited to the US in late 2024.
As the case evolves, the growing volume of evidence raises questions about Kwon’s defense. The April hearing will be crucial in determining the next steps in this ongoing legal fight.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
