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Sujit Kumar
Mar 5, 2025
by Sujit Kumar

Do Kwon’s Hearing Postponed as New Evidence Fuels Legal Battle

Do Kwon’s Hearing Postponed

Table of contents

  1. Evidence and Pretrial Motions
  2. Fallout from Terra’s Collapse
  3. SEC Civil Penalties
Terraform Labs co-founder Do Kwon has seen his U.S. court hearing postponed from March 6 to April 10 after prosecutors unearthed an additional four terabytes of evidence. This delay, granted by Judge Paul Engelmayer of the Manhattan federal court, provides both sides with extra time to review crucial new data, which supplements an earlier release of 600GB that included Kwon’s phone records, emails, and crypto transaction details.

Evidence and Pretrial Motions

The newly discovered evidence comes from various electronic accounts and third-party entities, highlighting the complex trail of data in this high-profile case. The court has ordered pretrial motions to be submitted by July 1, with responses due by August 11, while Kwon’s final trial remains scheduled for January 26, 2026.

Fallout from Terra’s Collapse

Do Kwon’s legal woes began with the catastrophic collapse of Terraform Labs’ ecosystem in May 2022, when the algorithmic stablecoin TerraClassicUSD (USTC) plummeted below $0.01, wiping out $60 billion in market value and severely impacting the Terra Luna Classic (LUNC) token. Following his arrest in Montenegro in March 2023 and subsequent extradition to the U.S., Kwon pleaded not guilty to nine felony fraud charges on January 2, 2025.

SEC Civil Penalties

Beyond criminal charges, Kwon and Terraform Labs face civil penalties from the SEC, which has accused them of misleading investors. Despite the SEC seeking over $5.3 billion in fines, a court later imposed a $4.5 billion penalty, intensifying the legal pressure on Kwon.

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Do Kwon’s Hearing Postponed
Do Kwon’s Hearing Postponed as New Evidence Fuels Legal Battle
Sujit Kumar
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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