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Co -founder Terraform Labs Does Kwon appear in the New York courtroom on August 12 for a hearing that could see him change his petition in the American Criminal Case.
The order for the session was Submitted on August 11 In the southern New York district.
Kwon appeared in the same court in January, where He declared that he was not guilty up to nine offenses. These accusations include securities fraud, fraud in wires, deceit of goods and conspiracy to do money laundering.
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His discussion followed after a months -long legal procedure in Montenegro that ended with his extradition to the United States. It was held without a bail for about seven months, and the trial was scheduled for January 2026.
Prosecutors said Kwon’s The actions played a role in Terra Blockchain’s collapse 2022deleted about $ 40 billion in market value. They claimed that he had seduced investors and used the project to use himself. In addition to the US case, Kwon also faces a criminal complaint in South Korea.
The judge’s command says that if Kwon decides to declare a guilt, he must be Ready to make a statement in a court explaining its actions and how they meet the legal demands of charges.
His lawyers are encouraged to help prepare this statement so that it could be read during a hearing.
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