Do Kwon’s Legal Battle Postponed: Trial Set for January 2026

The highly anticipated trial of Do Kwon, founder of Terraform Labs, has been delayed until January 26, 2026, as legal proceedings regarding the collapse of his cryptocurrency firm continue.

The case has drawn considerable global attention, beginning with Kwon’s arrest in Montenegro and his subsequent extradition to the United States.

Reports from January 2, 2025, indicated that Kwon was set to appear before Magistrate Judge Robert W. Lehrburger in the U.S. District Court for the Southern District of New York. On the same day, a supplemental indictment against Kwon was filed and sealed by District Judge John P. Cronan. However, the indictment was not publicly available until shortly before Kwon’s court hearing, during which he pleaded not guilty and was held in custody.

The case has now been assigned to Judge Paul A. Engelmayer, with a victim notification request from the U.S. Attorney’s Office received on January 6. Following a conference on January 8, Judge Engelmayer scheduled the trial for January 26, 2026.

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The downfall of Terraform Labs, along with its associated cryptocurrencies, TerraUSD and LUNA, led to substantial financial losses for many investors and has attracted intense scrutiny from regulators across the globe.

Alexander Zdravkov