Tracking Terra’s collapse, ongoing legal fallout, and its impact on the broader digital asset landscape.
New allegations suggest that the industry’s “stable” $1 promise often relies on secret backroom incentives rather than actual cash reserves.
Liam 'Akiba' Wright 6 min read 
The charges carry a statutory maximum of 25 years, but prosecutors agreed to recommend no more than 12 years if Kwon accepts responsibility and commits no additional crimes.
The change comes months ahead of the January 26, 2026, trial date initially set for the case.
Terraform Labs sets deadline for UST creditors to file claims, requiring proof of asset ownership and eligible tokens.
A pretrial conference will take place in Mar. 6 and might include a plea deal requirement.
Kwon is under US custody after a lengthy extradition battle.
Montenegrin police transferred Kwon to US authorities at Podgorica International Airport on Dec. 31.
Nearly two years after Kwon's apprehension, the extradition battle between the US and South Korea comes to an end.
The court rejected claims of legal issues, with the US emerging as a likely choice for extradition.
