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The fraud case against Do Kwon, co-founder and former CEO of Terraform Labs, is set to begin in January 2026 in the United States. This announcement was made during the first hearing in Manhattan, where both prosecutors and defense attorneys are preparing to review a vast collection of evidence consisting of six terabytes of data.
Reasons for the Delay
According to the latest report from the Southern District Court of Manhattan, the primary reason for the delay in Kwon’s trial is the need for prosecutors and the defense to thoroughly examine the large volume of evidence involved in the case.
Prosecutors highlighted the challenges faced in unlocking four mobile phones provided by Montenegrin authorities during Kwon’s extradition process, and the necessity to translate data obtained from these devices from Korean to English.
Data Access and Interpretation Challenges
Accessing and interpreting data from encrypted mobile phones has presented unique obstacles that hinder the progress of the case. These devices are believed to contain crucial evidence related to the charges against Do Kwon. The prolonged nature of the trial allows both parties to work extensively on the evidence, which is critical for the administration of justice.
The court is taking all necessary measures to ensure that the trial proceeds fairly and meticulously. This situation could also shed light on the trajectory of similar cases in the future. The postponement of Do Kwon’s trial to 2026 highlights the complexity of legal processes and the difficulties of evidence analysis.
The significant delay in scheduling the hearing for Do Kwon could lead to continued speculative movements regarding LUNA.
In conclusion, the postponement of Do Kwon’s trial to 2026 can be seen as an indication of the meticulous nature of the legal process. Proper analysis of the evidence gathered during this period is essential for ensuring justice.
