Terraform's Do Kwon Set for 2026 Trial in New York on U.S. Fraud Charges

Do Kwon, the co-founder of Terraform Labs, is scheduled to face trial in 2026 in New York on multiple fraud charges related to the collapse of the Terra cryptocurrency ecosystem. The charges, led by U.S. prosecutors, accuse Kwon of orchestrating a scheme that misled investors before the dramatic fall of his stablecoin, TerraUSD, which wiped out nearly $40 billion in value.

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