[2025-01-12] The latest IT, economic, blockchain and coin news
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2025-01-12 | Curator: CryptoTerminal
Do Kwon's Terra Trial Set for 2026—Here's What You Need to Know
The high-stakes trial of Terraform Labs co-founder Do Kwon is scheduled for January 26, 2026, in the U.S. District Court for the Southern District of New York. He'll spend the next year in federal jail, after his lawyers consented to his detention. The trial, expected to last four to eight weeks, will address criminal fraud charges tied to the catastrophic $40 billion collapse of the TerraUSD (UST) stablecoin and its sister token LUNA in 2022. This case is a culmination of international legal ba...