A judge of the Federal Court of Manhattan has delayed the case of the United States Government against former Terraft Labs Do Kwon CEO after prosecutors requested more time to review another four terabytes of evidence.
On March 3 orderJudge Paul Engelmayer moved a hearing scheduled for March 6 to April 10 after prosecutors said on February 27 letter They anticipated “produce 4 additional terabytes of defense discovery at the end of next week.”
The government letter added that the evidence included information related to starting orders on “several electronic accounts” together with materials of “several entities and individuals of third parties.”
The postponement until April 10 gives Kwon’s legal team more time to review the new evidence.
Excerpt from Judge Paul A. Engelmayer on March 3 by postponing the next hearing to April 10. Fountain: Cutting cutting
In their letter, prosecutors said they had already sent 600 gigabytes of data obtained from four cell phones previously owned by KWON in addition to the emails received and sent from Kwon’s personal and commercial accounts.
They added that the documents related to Kwon’s extradition to the United States, the Federal Research Office I receive some evidence in Montenegro, statements made by KWON have also been sent to the US Stock Regulator and Cryptography Trade Data records to the defendants.
The Terra Luna ecosystem collapsed in May 2022, cleaning $ 60 billion in market value After his Terraclassicusd (USTC) Stablecoin lost his plug, falling below $ 0.01. The destabilization of USTC and Panic Selling also contributed to the collapse of the Token Terra Luna Classive (Lunc).
After the collapse of Terra, Kwon, a South Korea NationalHe traveled between Singapore and Dubai Before heading to Montenegro.
He was arrested in Montenegro in March 2023 while trying to board a flight to Dubai with a false Costa Rican passport. It served a Four months prison sentence As a result.
Related: Do Kwon’s number of victims could exceed one million – judicial presentation
After the round trip negotiations with the authorities of Montenegran, Kwon was extradited to the United States In December. Appeared before an American judge for the first time on January 2 and He declared himself innocent nine charges for serious crimes related to fraud.
Kwon’s trial remains scheduled for January 26, 2026.
The Court ordered the parties to present motions prior to trial before July 1 and responses to those motions before August 11.
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