"US Court Schedules Jury Trial for Kwon Do-hyung in January 2026"

According to the cryptocurrency-focused media outlet CryptoSlate on the 8th (local time), a US court has scheduled the jury trial for Kwon Do-hyung, the former head of Terraform Labs and the main culprit in the Terra and Luna incident, for January 2026.

The court plans to hold a pre-trial conference on March 6, 2025 (local time), and related updates must be submitted by February 27.

Both parties expect the case to proceed to trial, which is anticipated to last about 4 to 6 weeks. Additionally, this trial is expected to address fundamental issues related to the classification of cryptocurrencies under US law.

Previously, US prosecutors unveiled nine indictments against Kwon Do-hyung, charging him with securities fraud, wire fraud, commodities fraud, and conspiracy to commit money laundering.

The prosecution stated in the indictment that "Kwon Do-hyung provided false information about the TerraUSD stablecoin in 2021," and that "the growth of Terra and Luna was driven by Kwon Do-hyung's deceptive actions."