Do Kwon has reached a pivotal moment in his multifaceted criminal proceedings. According to sector reports, the former Terraform Labs CEO is expected to hear his verdict on Thursday in New York, but this will not be the end of his legal battles. Federal Judge Paul Engelmayer issued an order on Monday requiring the prosecution and defense teams to provide detailed information on the potential consequences awaiting Do Kwon in South Korea.

## Simultaneous Charges on Two Continents

The Do Kwon case is taking on a new dimension – it is being prosecuted not only in America but also in South Korea, where he faces separate criminal charges. Judge Engelmayer wanted to know the exact timeframes and potential ranges of penalties that could await Do Kwon if extradited to South Korea. This illustrates how complex the legal situation of the former blockchain industry leader is becoming.

## What exactly did Do Kwon admit to

In August, Do Kwon admitted to two serious crimes – fraud involving transfers and conspiracy to commit fraud. These admissions of guilt are directly linked to the catastrophic collapse of Terraform Labs in 2022, when the failure of the stablecoin LUNA and related tokens triggered a widespread crisis across the cryptocurrency market.

## Flow of detention – from Montenegro to court hearing

Before appearing in court in the United States, the project leader spent four months in Montenegro – where he was detained for using forged travel documents. His extradition from Montenegro took over a year of intensive proceedings, but ultimately U.S. authorities took over the case. Judge Engelmayer also raised an important question: should the period of detention in Montenegro be counted as part of any sentence served in the United States?

## Future: trial in the USA, but eyes on South Korea

It is expected that Do Kwon will serve his sentence in the United States first, but Judge Engelmayer’s interest in the parallel criminal charges awaiting him in South Korea suggests that the court is closely monitoring the global dimension of this case. The trial in South Korea and the conditions there – including local prison conditions and costs – will be decisive for Do Kwon’s future outside the United States.