Do Kwon, founder of Terraform Labs, is officially heading to trial in January 2026. The charges? Criminal fraud tied to the $40 billion collapse of TerraUSD and Luna, two cryptocurrencies that turned ...
US prosecutors overseeing the criminal case against Do Kwon, co-founder of Terraform Labs, estimate that over one million individuals could have been affected by the ecosystem’s collapse.
US Attorney Daniel Gitner said the May 2022 crash of Terraform's cryptocurrencies "erased over $40 billion in investor assets, causing devastating losses to countless investors in the United ...
In a Jan. 6 filing with the US District Court for the Southern District of New York, Acting US Attorney Daniel Gitner outlined the procedures for notifying Kwon’s victims of their rights in the ...