Lawyers for Terraform Labs founder Do Kwon have asked the court for a two-week extension to file pretrial motions in his US case.
In the petition dated today, it was stated that the ongoing “productive negotiations” between the defense and the prosecution made the extension necessary.
In the petition addressed to the Southern District Court of New York, it was stated that the defense was forced to submit this request at the last minute because the current deadline was set to expire on July 15. The defense emphasized that this postponement would not affect other case schedules, and the prosecution agreed with the request for an extension.
The prosecution, which previously submitted four terabytes of new evidence for the defense to review, requested in April that the hearing be postponed until February 17, 2026, a request granted by Judge Engelmayer. At that hearing, prosecutors stated that the cryptocurrency-friendly internal memo, which announced the Justice Department's closure of its crypto-related investigation unit, would not affect the charges against Do Kwon.
Do Kwon faces nine federal charges, including securities fraud and money laundering conspiracy, in connection with the collapse of Terraform Labs. He was extradited to the United States on December 31, 2024, following a lengthy extradition process in Montenegro, and pleaded not guilty at his initial hearing.
*This is not investment advice.
