According to ChainCatcher, citing The Block, although the U.S. Department of Justice issued a staff memo stating they would not file lawsuits against cryptocurrency companies, prosecutors indicated they have no plans to modify the charges against Terraform Labs founder Do Kwon.
The court has postponed the trial date from the originally scheduled January 26, 2026, to February 17, 2026. The next pre-trial meeting is set for June 12, 2025. Do Kwon currently faces multiple charges, including commodity fraud, securities fraud, wire fraud, and money laundering conspiracy.
If all charges are proven, he could face up to 130 years in prison. Earlier this year, shortly after being extradited from Montenegro to the United States, Do Kwon pleaded not guilty to these charges in a New York court.
