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The adjacent proceeding successful the US government’s lawsuit against Terraform Labs co-founder Do Kwon has been delayed until April aft prosecutors said they recovered different 4 terabytes of evidence.
A Manhattan national tribunal justice has delayed the US government’s lawsuit against erstwhile Terraform Labs CEO Do Kwon aft prosecutors requested much clip to reappraisal different 4 terabytes of evidence.
In a March 3 order, Judge Paul Engelmayer moved a proceeding slated for March 6 to April 10 aft the prosecutors said successful a Feb. 27 letter that they anticipated “producing an further 4 terabytes of find to the defence by the extremity of adjacent week.”
The government’s missive added that the grounds included accusation related to warrants connected “various physics accounts” on with materials from “various third-party entities and individuals.”
The adjournment until April 10 gives Kwon’s ineligible squad much clip to reappraisal the caller evidence.
Excerpt from Judge Paul A. Engelmayer’s March 3 adjourning the adjacent proceeding to April 10. Source: CourtListener
In its letter, prosecutors said they had already sent the defendants 600 gigabytes of information obtained from 4 cellphones antecedently owned by Kwon successful summation to emails received and sent from Kwon’s idiosyncratic and concern accounts.
They added that documents relating to Kwon’s extradition to the US, the Federal Bureau of Investigation’s receipt of definite grounds successful Montenegro, statements made by Kwon to the US securities regulator and records of crypto trading information person besides been sent to the defendants.
The Terra Luna ecosystem collapsed successful May 2022, wiping retired $60 cardinal successful marketplace value aft its TerraClassicUSD (USTC) stablecoin mislaid its peg, falling beneath $0.01. Destabilization of USTC and panic selling besides contributed to the illness of the Terra Luna Classive (LUNC) token.
After Terra’s collapse, Kwon, a South Korean national, traveled betwixt Singapore and Dubai earlier making his mode to Montenegro.
He was arrested successful Montenegro successful March 2023 portion trying to committee a formation to Dubai with a fake Costa Rican passport. He served a four-month situation sentence arsenic a result.
Related: Number of Do Kwon’s victims could transcend 1 cardinal — Court filing
After back-and-forth negotiations with Montenegran authorities, Kwon was extradited to the US successful December. He appeared earlier a US justice for the archetypal clip connected Jan. 2 and pleaded not guilty to 9 felony charges related to fraud.
Kwon’s proceedings remains connected docket for Jan. 26, 2026.
The tribunal ordered the parties to record pretrial motions by July 1 and responses to those motions by Aug. 11.
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