Do Kwon’s Terra Trial Set for 2026—Here’s What You Need to Know – BitRss

The high-stakes trial of Terraform Labs co-founder Do Kwon is scheduled for January 26, 2026, in the U.S. District Court for the Southern District of New York. He’ll spend the next year in federal jail, after his lawyers consented to his detention.

The trial, expected to last four to eight weeks, will address criminal fraud charges tied to the catastrophic $40 billion collapse of the TerraUSD (UST) stablecoin and its sister token LUNA ($0.07) in 2022.

This case is a culmination of international legal battles, financial ruin, and allegations of deceit that dismantled the promises that once captivated millions of crypto investors.

Do Kwon, who pleaded not guilty to the charges last week, has been accused of multiple counts of fraud, including securities fraud, wire fraud, and conspiracy to commit money laundering.

Prosecutors allege the Terra founder orchestrated schemes to manipulate markets, misrepresent the stability of Terraform’s products, and launder proceeds through Swiss bank accounts and other blockchains.

If convicted, the 33-year-old faces a maximum sentence …