U.S. prosecutors are set to review Do Kwon’s emails, social media, and devices in preparation for his 2026 trial. Legal documents reveal covert recordings and extensive evidence linked to Terraform Labs’ collapsed ecosystem, marking another chapter in the fallout from TerraUSD and LUNA.
Terraform Labs co-founder Do Kwon has pleaded not guilty to U.S. fraud charges after being extradited from Montenegro. Prosecutors allege he misled investors about TerraUSD's stability, leading to its collapse and losses across the crypto market.
Terraform Labs is scheduled to face a critical Chapter 11 bankruptcy reorganization hearing on September 19, which will determine the company's future following its financial instability and legal challenges since the collapse of its Terra ecosystem in 2022.
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