New Development About Terra (LUNA) Founder Do Kwon! For the First Time, the Phrase "Efficient Meeting" is Used! Here are the Details.

Do Kwon, the founder of Terraform Labs, has requested an additional two weeks from the court to submit pre-trial motions in his case in the U.S.

The petition dated today stated that the ongoing "productive discussions" between the defense and the prosecution necessitated an extension.

In a petition addressed to the Southern District Court of New York, it was stated that the current deadline would expire on July 15, which forced the defense to submit this request at the last minute. The defense emphasized that this postponement would not affect other case schedules, and it was noted that the prosecution also supported the request for an extension.

The prosecution, which previously submitted 4 terabytes of new evidence for the defense's review, requested that the trial be postponed to February 17, 2026, in April, and this request was accepted by Judge Engelmayer. In that hearing, prosecutors stated that the internal correspondence, described as cryptocurrency friendly, in which the Ministry of Justice announced the closure of its cryptocurrency investigation unit, would not affect the charges against Do Kwon.

Do Kwon is facing a total of nine federal charges, including securities fraud and money laundering conspiracy, in connection with the collapse of Terraform Labs. After a lengthy extradition process from Montenegro to the U.S., he was surrendered on December 31, 2024, and declared his innocence at the initial hearing.