Appearing for the first time since extradition, Do Kwon attended a US court session on January 2, 2025. He faces nine charges, including fraud and money laundering, linked to the collapse of the Terra ecosystem. This marks an important development in his legal journey.

Prosecutor Damian Williams claims Kwon executed money laundering transactions over 10,000 USD. A status hearing on January 8, 2025, will discuss the evidence and next steps. The legal drama has progressed since Montenegro handled Kwon’s extradition decision in December 2024.