- Terraform Labs Pte. cofounder Do Kwon will go on trial in early 2026 in the US on criminal fraud charges related to the $40 billion collapse of the TerraUSD stablecoin in 2022.
- US District Judge Paul Engelmayer in New York scheduled the trial for January 26, 2026, and it is expected to last four to eight weeks.
- The charges against Do Kwon stem from the implosion of TerraUSD and its related token Luna in May 2022, which roiled crypto markets.
The upcoming 2026 trial involving Do Kwon, co-founder of Terraform Labs Pte, is set to send ripples through the global cryptocurrency sector. Kwon faces serious criminal fraud charges in the United States, linked to the monumental $40 billion collapse of the TerraUSD stable coin in 2022.
The Accusation
Do Kwon is set to stand trial in the early part of 2026 on fraud charges tied to the collapse of the TerraUSD stable coin. The cryptocurrency’s downfall, which amounted to a staggering $40 billion, has put the spotlight on Kwon and his association with Terraform Labs Pte.
Trial Schedule
U.S District Judge Paul Engelmayer, based in New York, has scheduled the trial for January 26, 2026. The case is expected to last anywhere between four to eight weeks, promising to keep stakeholders and observers on the edge of their seats.
Conclusion
As the world waits with bated breath, this case is set to be a crucial litmus test for the broader cryptocurrency sector, particularly in the area of regulation and oversight. The outcomes may have far-reaching implications, potentially redefining the landscape of digital currency governance.
