Efforts to resolve Do Kwon’s courtroom case have been delayed by a month after the US authorities claimed that Do’s protection will want extra time to overview an additional 4 terabytes of proof.
A standing convention — a gathering of attorneys from either side to debate the present standing of the case and any attainable decision — was scheduled for March 10. Nevertheless, the New York District Court docket adjourned it to April 10 yesterday following a written request from the US authorities.
The courtroom agreed with the US and stated it could delay the convention “to enable the defense to review voluminous discovery.”
Certainly, the federal government claimed it submitted 600 gigabytes of proof to the defence on February 27, together with knowledge from his cellphones, emails, and crypto trades. Nevertheless, the federal government additionally stated that it “anticipates producing an additional four terabytes of discovery to the defense by the end of next week.”
Learn extra: Do Kwon escapes extradition limbo — enters US trial limbo
The courtroom order delaying the convention notes that the ultimate trial “remains scheduled for January 26, 2026.”
Do was extradited from Montenegro to the US on December 31, 2024, after a prolonged back-and-forth between Montenegran courts. On January 2, he pleaded not responsible to his US fees.
Law360 reviews {that a} deadline of April 30 has been set for victims of the billion-dollar collapse of Terraform Labs’ stablecoin to assert any losses.
Learn extra: Defined: SEC allegations in opposition to Do Kwon and Terraform Labs
One other alleged crypto fraudster, Justin Solar, efficiently stayed his case in a doc collectively submitted by his authorized staff and the Securities and Trade Fee. Solar hopes to “explore a potential resolution.”
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