Terra Classic Sinks As Terraform Founder Do Kwon Set To Stand Trial In 2026 For Alleged $40 Billion Fraud

Do Kwon, co-founder of disgraced Terraform Labs, will face trial in a year’s time for his alleged role in the $40 billion criminal fraud case involving the collapse of Terra Classic (CRYPTO: LUNC) and sister stablecoin TerraUSD (USTC), according to a report on Wednesday.

What Happened: U.S. District Judge Paul Engelmayer set a trial date for Jan. 26, 2026, in New York, expected to last for four to eight weeks, Bloomberg reported.

Kwon has been accused of various …

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