The U.S. government’s case against Terraform Labs co-founder Do Kwon was postponed to April after prosecutors found four other bone evidence.
reason for Delay
Source: Court Listed
Judge Paul Engelmayer rescheduled the hearing from March 6 to April 10. Prosecutors said in a February 27 letter that they will provide four new evidence to the legal team. (Announcement notification in the image – link)
Evidence includes data from electronic accounts and third-party sources. The Power Team now has more time to view the information.
New evidence details
Prosecutors have handed over about 600 GB of data, including information from four cell phones previously owned by Do Kwon. Evidence also includes emails to transfer personal and business accounts, documents related to extradition, and materials obtained by the FBI in Montenegro.
Additionally, the case filing contains statements by Do Kwon to the U.S. Securities and Exchange Commission (SEC) (SEC) and its cryptocurrency trading activities.
Case background
The Terra Luna ecosystem collapsed in May 2022, wasting $60 billion in market value after its stable Terraclassicusd (USTC) lost its nails. After the collapse, bragging moved between Singapore and Dubai before being arrested in Montenegro in March 2023 for attempting to leave the country with a fake passport.
He was extraditioned to the United States in December 2023 after serving four months in prison. On January 2, 2024, Do Kwon appeared before a US judge for the first time and pleaded not guilty to nine counts of fraud.
The trial of do kwon is still scheduled for January 26, 2026. The pre-trial motion must be filed before July 1, 2025 and ended on August 11, 2025.
The delay highlights the scale of evidence collected by prosecutors. In the coming months, these documents may play a key role in determining the outcome of the case.
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