ChainCatcher news, at the preliminary hearing held in Manhattan, Chief Prosecutor Jared Leno told the court that Terraform Labs co-founder and former CEO Do Kwon's criminal fraud trial in the U.S. is tentatively scheduled for January 2026, to allow prosecutors and Kwon's defense attorneys ample time to review the "massive" 6TB of data expected to be generated during the investigation.Prosecutors indicated that the government is also expected to face further delays, as when Do Kwon was extradited to the U.S. on December 31, Montenegrin authorities provided four mobile phones from which they could not retrieve encrypted information or unlock the devices, thus the government will face additional delays.Additionally, the government must translate materials extracted from Do Kwon's native Korean into English. The next status conference for the case is scheduled for March 6 at 11 AM Eastern Time.

ChainCatcher news, according to Cointelegraph, prosecutors in the United States responsible for overseeing the criminal case against Do Kwon, co-founder of Terra form Labs, estimate that after the collapse of the Terra ecosystem, Kwon may have caused over one million victims worldwide. On January 6, Daniel Gitner, the acting U.S. Attorney for the Southern District of New York, notified the court in a filing about the procedures for informing Kwon's victims of their rights in the criminal case. According to the U.S. Attorney, the government will establish a website for the public procedures regarding the Kwon case, as other methods of providing rights protection for victims are "impractical."Gitner stated, "Given the enormous volume of transactions involving Terraform cryptocurrency and the manner in which these transactions occurred (many of which were conducted on foreign exchanges through digital asset wallets or cryptocurrency trading accounts without personal identification information), while it is difficult to precisely quantify the number of Kwon's victims, the government estimates that the number of victims in this case exceeds hundreds of thousands of individuals and entities, and may total over one million."Previous news indicates that Kwon is expected to appear in court again on January 8.

ChainCatcher news, according to Reuters, Andrew Chesley, the lawyer for Terra co-founder Do Kwon, defended him and stated that he will not seek bail at this time. U.S. District Court Judge Robert Lehrburger therefore ordered his detention. When U.S. Marshals escorted Do Kwon out of the courtroom, he took with him a 79-page copy of the indictment, and he is expected to appear in court again on January 8.Previous news, Do Kwon has pleaded not guilty to fraud charges in a hearing at the Manhattan federal court.

ChainCatcher news, according to Cointelegraph, Terraform Labs co-founder Do Kwon has been hit with a new charge: conspiracy to commit money laundering. This new charge was added in the superseding indictment unsealed by the U.S. District Court for the Southern District of New York on January 2. The indictment states that Do Kwon conspired with others, knowing that transactions exceeding $10,000 involved illegal proceeds, yet still facilitated these financial transactions.Previously, Kwon had been charged with eight felonies for his role in the collapse of the Terra ecosystem in 2022 and was arrested in Montenegro in 2023 for forging travel documents. After a dispute over extradition between the U.S. and South Korea, Kwon was transferred to the U.S. in December 2024. Currently, Kwon pleaded not guilty to all charges during his court appearance on January 2 and agreed to be detained. It remains uncertain whether a plea agreement will be reached or if he will enter a criminal trial.This case bears similarities to that of former FTX CEO Sam Bankman-Fried, who faced additional charges after extradition and was ultimately sentenced to 25 years in prison.

ChainCatcher news, Montenegro's Prime Minister Milojko Spajić stated on social media that Montenegro has completed the procedure to extradite Do Kwon to the United States, and he may soon head to the U.S. to face criminal charges.

ChainCatcher news, according to reports from Jinshi citing police sources, Montenegro has extradited Terra co-founder Do Kwon to the United States. (Jinshi)

ChainCatcher news, according to market news, Montenegro's Minister of Justice Bojan Božović has signed a decision to extradite Do Kwon to the United States.

ChainCatcher news, according to Yonhap News Agency, the constitutional appeal submitted by Do Kwon, the founder of Terraform Labs, in Montenegro has been dismissed. The Constitutional Court of Montenegro announced that the unanimous opinion of all judges is to reject Do Kwon's constitutional appeal.This decision means that Do Kwon will be tried in South Korea or the United States, with the specific decision to be made by the Minister of Justice of Montenegro. Given the previous stance of the Ministry of Justice and other factors, Yonhap News Agency believes that Do Kwon is likely to be extradited to the United States.

ChainCatcher news, Gaib co-founder Kony Kwong confirmed attendance at the DeInsight 2024 Annual Summit to be held on November 11 in Bangkok during Devcon. GAIB is the economic layer of AI and computing power. GAIB has created a new asset class that allows anyone to invest directly in the AI, GPU, and computing power markets. It supports true AiFi, GPU tokenization, GPU-backed stablecoins, derivatives, and more.The DeInsight 2024 Annual Summit will take place on November 11 at Hotel Nikko Bangkok in Bangkok. This summit is co-hosted by ChainCatcher and RootData, with Soso Value as a co-organizer, and aims to bring together elites from the Web3 field to exchange insights on the industry, expecting to attract over 1,000 industry elites.In addition, the conference will unveil the RootData List 2024, a significant annual ranking that objectively selects influential individuals or institutions in the industry from a data perspective.

ChainCatcher news, according to Cryptoslate, Montenegrin Justice Minister Bojan Božović confirmed that a decision has been made regarding the extradition of Terraform Labs co-founder Do Kwon, with the extradition agreement set to be signed before the end of this week. This decision comes after a lengthy and controversial legal process lasting several months. Božović did not provide further comments on the details of the case, nor did he disclose where Kwon would be extradited. He stated, "As the Minister of Justice, I have no other comments beyond what the Supreme Court has already ruled."Do Kwon's legal troubles in Montenegro began in March 2023 when he and Terraform CFO Han Chang-joon were arrested at Podgorica Airport for attempting to use forged documents. The two were sentenced to prison in Montenegro but remain the focus of international extradition requests as they contest allegations regarding their roles in the 2022 TerraLUNA collapse, which resulted in over $40 billion in losses. Han Chang-joon will be extradited back to South Korea after serving his sentence in early 2024.

ChainCatcher news, according to Protos, Terra founder Do Kwon was arrested in Montenegro on March 23, 2023, but his electronic devices were not handed over to the investigating judge until June of that year.An official from the Montenegrin special police told Portal ETV that during a search of inmates, including Do Kwon, laptops, mobile phones, cryptocurrency wallet login information, and "other codes to access the blockchain" were discovered.Two sources stated that at least three cryptocurrency transactions were made using Do Kwon's cryptocurrency wallet during his detention. This information was obtained through accounts related to a mobile phone company in Podgorica.

According to ChainCatcher news, local media Vijesti recently reported that former Montenegrin Minister of Justice Andrej Milović expressed concerns about the potential connection between the extradition of Terraform Labs co-founder Do Kwon and the airport concession agreements in Montenegro and South Korea.Milović argued that Spajić initially supported the transfer of Kwon to France but changed his position after the appellate court ruled that Kwon should be extradited to South Korea. He further pointed out that Spajić has a personal connection to the case and cited reports of Spajić investing $75,000 in the Terra/Luna tokens, directly linking him to Kwon's bankrupt crypto project. Milović warned that extraditing Kwon to South Korea would hinder a comprehensive investigation into the matter and called on the U.S. to pressure Spajić to cooperate with a broader investigation.

ChainCatcher news, the Montenegrin Ministry of Justice can decide whether to extradite Terraform Labs co-founder Do Kwon to the United States or South Korea after a decision is made by the country's Supreme Court. The Montenegrin Supreme Court stated in a notice on September 20 that Kwon's case has been submitted to the Minister of Justice after ruling on the request for protection of legality. According to the High Court, both South Korea and the United States meet the conditions for requesting extradition from Montenegro to face criminal charges.

ChainCatcher news, according to the acting president of the Supreme Court of Montenegro, it is expected that the Supreme Court will decide by the end of this month whether the ruling on the extradition case of Do Kwon violates the law.Vesna Vučković stated that the Supreme Court will make a decision on the "request for protection of legality" submitted by the Supreme State Prosecutor. The prosecutor believes that there are multiple illegalities in the final rulings of the High Court and the Court of Appeals regarding the extradition of cryptocurrency founder Do Kwon.

ChainCatcher news, according to the Montenegrin daily Vijesti, the Supreme Court of Montenegro has suspended the procedure to extradite Do Kwon to South Korea. This decision was made after the Supreme State Prosecutor's Office appealed the legality of the previous court ruling that approved his extradition. The suspension will put the extradition process on hold while the Supreme Court reviews the case.This extradition case involves multiple legal inconsistencies, with the court having previously made several rulings regarding Do Kwon's extradition to both the United States and South Korea. Do Kwon is accused of orchestrating a $40 billion fraud scheme through the Luna and Terra cryptocurrencies and was arrested in March 2023, after which he has been awaiting extradition. Do Kwon's lawyers have criticized the handling of the case, pointing out the existence of multiple judicial rulings and emphasizing that the appellate court's consistent legal reasoning is a positive exception. The case has attracted significant attention due to its legal complexities and political implications in Montenegro.

ChainCatcher news, according to the Montenegrin daily Vijesti, the Supreme Court panel of Montenegro will decide by this weekend whether to postpone the extradition of Terraform Labs co-founder Do Kwon to South Korea. The Office of the National Prosecutor of Montenegro has requested the Supreme Court to review the legality of the ruling made by the Montenegrin Court of Appeals and proposed to delay the execution of that ruling. The prosecutor's office believes that the ruling of the Court of Appeals violates the Law on International Legal Assistance in Criminal Matters.Previous news, according to Bloomberg, the Montenegrin Court of Appeals upheld the ruling that Terraform Labs Pte. co-founder Do Kwon should be sent back to his home country of South Korea, thereby rejecting the suggestion to extradite him to the United States.

ChainCatcher news, according to Bloomberg, the Montenegrin Appeals Court upheld the ruling that Terraform Labs Pte. co-founder Do Kwon should be extradited back to his home country of South Korea, thus rejecting the suggestion to extradite him to the United States.Thursday's ruling is the latest in a series of decisions from Montenegro, which has been facing dual requests from the U.S. and South Korea for the extradition of the notorious former cryptocurrency mogul. The Podgorica court stated on its website on Thursday that no one has appealed the ruling.The ruling also upheld a fast-track extradition procedure previously issued by another Montenegrin court. After the ruling was announced, Do Kwon's lawyer Goran Rodic responded to Bloomberg, stating that Montenegro would arrange the extradition with the assistance of Interpol and expressed hope that the extradition could be completed "as soon as possible."

ChainCatcher news, according to the Korea Economic Daily, the wife of Terraform Labs founder Do Kwon has won all appeals against the South Korean government's decision to confiscate her real estate shares and sell her apartment rights. Terraform Labs is the company behind the bankrupt stablecoin TerraUSD and the cryptocurrency Luna. The court ruled that these disputed assets were properties she purchased in her own name during her marriage to Kwon.