PiCK
US Court to Start 'Terra·Luna Crash' Kwon Do-hyung's Criminal Trial in January Next Year
Summary
- It was announced that the criminal trial of Kwon Do-hyung related to the Terra·Luna crash will start in the US court next January.
- Kwon Do-hyung is facing a total of nine charges and has pleaded not guilty to all of them.
- The Department of Justice stated that if Kwon is found guilty, the maximum sentence could reach 130 years.
The criminal trial of Kwon Do-hyung, a key figure in the cryptocurrency 'Terra·Luna' crash, will officially begin in the US next January.
Judge Paul Engelmayer of the New York Southern District Court announced on the 8th (local time) during the pre-trial conference for Kwon's case that the main trial will commence on January 26 next year. An additional pre-trial conference will be held on March 6 to proceed with the discovery process.
This was Kwon's second appearance in a US court. After arriving in the US on the 31st of last month, Kwon appeared in the New York Southern District Court on the 2nd of this month, pleading not guilty to the charges against him.
Kwon faces a total of nine charges, including the recently added conspiracy to commit money laundering, securities fraud, wire fraud, commodities fraud, and market manipulation conspiracy. The US Department of Justice stated that if Kwon is found guilty of all charges, the maximum sentence could reach up to 130 years.
Kim Soo-young, Hankyung.com reporter swimmingk@hankyung.com
Korea Economic Daily
hankyung@bloomingbit.ioThe Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.
