Legal problems to Kwon are far from the end. The US Federal Judge postponed its court trial, originally established on March 6, after prosecutors discovered a huge amount of novel evidence.
With four additional data, the case against the co -founder of Terraform Labs becomes even more convoluted.
Huge data dropping forces delay
Until now, prosecutors have transferred over 600 data gigabytes. This includes materials from his phones, E -Maili and other electronic accounts. But now, with four terabytes of novel evidence to examine, both sides need more time to prepare.
The court pushed the date of the hearing to 10 April to enable prosecutors to sort files and defense to review critical information. The judge’s decision reflects the size of the data and their potential impact on the case.
Key dates before the quonity process
This delay did not change the date of the process –January 26, 2026. Both sides have until July 1 to submit pre -trial applications; The deadline is August 11. These applications will certainly affect the arguments presented in court and during the trial.
After prosecutors stated in a letter of February 27 that they expected that they would produce an additional 4 gigabytes for defense for defense, judge Paul Engelmayer delayed the hearing scheduled for March 6 to 10 April in An Order from March 3.
Excerpt from Judge Paul Engelmayer’s March 3 order that adjourned the next hearing to April 10. Source: CourtListener
After January 2025, he is not guilty of nine allegations of criminal fraud, Kwon begins the prolonged legal struggle. As the case develops, his defense team will work on the overthrow of evidence and claims of the prosecutor’s office.
The fall of the arrest of Terry and Kwon
Terraform labsKwon was co -founded, collapsed in May 2022. The failure of algorithmic Stablecoin, Terraclassicusd (UPC), destroyed the market value of $ 60 billion. Precipitation led to widespread losses, investigations and lawsuits.
BTCUSD trading at $88,335 on the daily chart: TradingView.com
After the fall of Kwon, he moved between Singapore and Dubai arrested in Montenegro In March 2023 for using a imitation passport. He had a four -month sentence there before he was extracted to the USA in December 2024.
What next from Kwon?
Because the matter becomes more complicated, the future of Kwon remains uncertain. The addition of four terabytes of evidence raises novel questions about the strength of the prosecutor’s case. If this material contains damned information, it can be bad news for kwon.
For now, all eyes are on the upcoming interrogation in April. Additional time can support both sides prepare, but also signals that the legal battle for the Terraform laboratory is far from the end.
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