Terraform Labs co-founder Do Kwon is fighting a legal battle on two fronts as he is begging for U.S. prosecutors to limit his prison term to five years as prosecutors in South Korea are weighing a potential 40-year sentence over his role in the collapse of the Terra ecosystem.

Terraform Labs co-founder Do Kwon has finally pleaded guilty on two felony counts of wire fraud and conspirary to defraud.

South Korea’s top presidential candidates back crypto innovation, even as the country tightens regulations on exchanges. Officials are also weighing a state-backed stablecoin, signalling deeper government involvement in digital finance.

Aleksej Besciokov, Garantex's lead technical administrator, was arrested in India while vacationing in Kerala. Allegedly tied to illicit finance, he now faces US extradition pending legal proceedings.

Do Kwon’s fraud trial over the $40 billion Terra LUNA collapse is set for 26 January 2026, in the US, delayed by six terabytes of evidence, encrypted phones, and untranslated Korean documents. He has one week to request an earlier date. Will this delay benefit him or prolong his legal battle?

As his SEC term ends, Gary Gensler reiterates his criticism of crypto, stressing the need for strict regulation and citing 100 enforcement actions. Is this frustration or justified caution?

US prosecutors estimate over one million victims in the $40 billion Terra collapse. Terraform Labs co-founder Do Kwon, in US custody, denies nine felony fraud charges. His 8 January pretrial conference marks a pivotal moment in crypto’s biggest fraud case.

Do Kwon, now in US custody, has pleaded not guilty to fraud charges tied to TerraUSD’s $40 billion collapse. Following his extradition, the Justice Department seeks prison time for financial fraud and fake passports, while South Korea sought a 40-year sentence. Calm in court, Kwon faces a long legal battle. Is he unrepentant or truly innocent?

Do Kwon’s appeal against his extradition to South Korea has been rejected by Montenegro’s Constitutional Court, reaffirming claims by the US and South Korea. With legal options narrowing, what defense strategies remain for the Terraform Labs co-founder?

Despite his imprisonment, it is reported that Do Kwon, the disgraced founder of Terra, managed to make multiple cryptocurrency payments while in custody in Montenegro.