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Cryptocurrency News Articles
Do Kwon, Co-Founder of Disgraced Terraform Labs, to Face Trial in a Year's Time
Jan 09, 2025 at 02:47 pm
Terra Classic (LUNC) co-founder Do Kwon will face trial in a year's time for his alleged role in the $40 billion criminal fraud case, a report said on Wednesday.
According to Bloomberg, U.S. District Judge Paul Engelmayer set a trial date for Jan. 26, 2026, in New York, which is expected to last for four to eight weeks.
Kwon has been charged with various counts of commodities fraud, conspiracy, securities fraud, and wire fraud in connection with the collapse of LUNC and stablecoin TerraUSD (USTC) in 2022. The incident caused an estimated $40 billion loss.
The drop had far-reaching consequences, undermining investor confidence and resulting in prolonged months of lower valuations, also known as a bear market.
Kwon was extradited from Montenegro to face these charges in a U.S. court. He pleaded not guilty to these charges.
Do Kwon's extradition ended a legal tug-of-war between the U.S. and South Korea, his native country, over competing extradition requests.
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- Consensus 2026 Miami: Web3, Blockchain, Cryptocurrency, NFTs, Metaverse, Conference, May 5th — Where Wall Street Meets the Digital Frontier
- May 01, 2026 at 11:27 pm
- Miami buzzes as Consensus 2026 approaches on May 5th, highlighting Web3, blockchain, crypto, NFTs, and the metaverse's shift from hype to institutional and sustainable reality.
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- Bitcoin Miners Electrify the Grid: Ohio Gas Plant Acquisition Powers Up a New Era for Digital Gold
- Apr 30, 2026 at 10:38 pm
- The Bitcoin mining industry is undergoing a significant transformation, with major players aggressively expanding operations and strategically acquiring energy assets like Ohio gas plants to solidify their future in the digital economy.
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- Solana's Slippery Slope: Price Prediction Points to Resistance Loss and Potential Further Drops
- Apr 30, 2026 at 09:08 pm
- Solana is struggling to break key resistance, signaling potential downside. Repeated rejections at $86-$88, coupled with a broken short-term pattern, point to targets as low as $67, or even $40, as sellers maintain control. Investors should watch critical support levels closely.
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- NYC's New Beat: Staking Systems, USD1, and Governance Drive Crypto's Next Wave
- Apr 30, 2026 at 03:02 pm
- From lucrative USD1 earning events to robust governance models, the crypto sphere is buzzing with innovations reshaping how we engage with digital assets, focusing on long-term commitment and stablecoin utility.
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- OKX Unveils Agent Payments Protocol: Ushering in a New Era of AI Transactions
- Apr 30, 2026 at 02:53 pm
- OKX launches its Agent Payments Protocol (APP), an open standard for AI-driven commerce, enabling agents to manage full business cycles. Explore the implications for AI transactions and agentic payments.
