The post Just In: Do Kwon’s Criminal Fraud Trial Set for January 2026 appeared first on Coinpedia Fintech News
In the latest development, the trial for do kwon

do kwon
Do Kwon is a cryptocurrency developer who is the Co-Founder and Chief Executive Officer of Terraform Labs. With Terraform Labs, he also founded the telecommunication company Anyfi and served as its CEO, a peer-to-peer communication solution using mesh network technology. Eventually, in 2018. He founded Terraform Labs along with his friend Daniel Shine, intending to develop a decentralized price-stable cryptocurrency such as LUNA. He successfully led the Terra Blockchain by constantly developing new blockchain technologies, products, protocols, and platforms, including anchor, prism, and mirror. Through Terraform Labs, Do Kwon developed the Terra proof-of-stake, a public blockchain built on the Cosmos SDK. He is also the founder of another failed stablecoin project, Basis Cash, an Ethereum-based token created by Nader Al-Naji.
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is set for 2026 as lawyers navigate a massive trove of evidence. Prosecutors in the US criminal case against Kwon have outlined their discovery plans, including searching his email, Twitter, and electronic devices. They expect to find several terabytes of data relevant to the case, including trading records and materials from cryptocurrency exchanges. Some recordings of Kwon, made without his knowledge, may also be part of the discovery process.
Do Kwon’s criminal fraud trial in the U.S. is tentatively set for next January, giving both prosecutors and his defense team enough time to review the large six-terabyte data expected during the discovery process.
Judge Engelmayer highlighted the historic nature of the case and the complexity involved as prosecutors revealed 6 terabytes of data, including trading information and new evidence from four seized cell phones, one of which was obtained after Kwon’s extradition from Montenegro.
Considering all that, Judge Engelmayer made an exception to his normal scheduling proceedings to allow extra time to prepare for trial. Kwon’s defense team initially suggested a spring 2026 trial, but both sides agreed on January 2026, pending any changes.
The judge noted that Kwon’s case differed from sam bankman fried

sam bankman fried
Sam Bankman Fried is a successful American entrepreneur, angel investor, and billionaire with a remarkable history in the space of the cryptocurrency industry. Being the Founder and CEO of FTX, a leading cryptocurrency exchange he has played a key role in the revolutionization and development of the crypto space through his excellent experience and potency. Sam Bankman Fried is a native of Stanford, California, United States.
Ranked as 60th on the 2022 Forbes billionaires list incorporating a net worth of US$24 Billion. Began his career working at Jane Street Capital, a trading organization that trades international ETFs. Later, in 2017 he quit Jane Street and founded Alameda Research, a quantitative cryptocurrency trading organization established in October 2017. Bankman build an arbitrage trade, raising $25 Million every day, to take benefit from the higher price of Bitcoin in Japan in 2018.
After attending a cryptocurrency conference in 2018, in Macau, he got inspired by the concurrent crew of Bitcoin cash and built his firm, FTX according to July 2021 that averages $10 Billion of day-to-day trading volume with beyond 1 Million users that provides a policy of donating 1% of its revenue to charity. Bankman aims to support lawmakers who perform the vast game on policymaking in spaces like pandemic planning and preparedness.
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as Kwon had already served time in Montenegro. The trial will not be delayed further after January 2026.
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Notably, the upcoming trial would involve far more evidence than what was presented during the Securities and Exchange Committee’s civil fraud trial brought against both Do Kwon and Terraform Labs. Prosecutors noted that data in that trial only amounted to about one terabyte of data, roughly one-sixth of what’s to come.
Prosecutors also noted that only about two of the five fraud theories against Do Kwon were presented by the SEC in that case, during which a jury ultimately found Do Kwon and Terra liable for fraud.
Do Kwon faces up to nine felony charges, including conspiracy and fraud, with a potential maximum sentence of 130 years in prison. He is currently in custody, though the exact location has not been disclosed.
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