by Matthew Russell Lee, Patreon Book Substack
SDNY COURTHOUSE, Jan 20 – After the collapse of the crypto firm Terraform Labs, Inner City Press covered the SEC's trial against it and Do Kwon - except that Kwon was in Montenegro.
Early on January 2, 2025 Inner City Press first learned and vlogged that Kwon would be presented later in the day in U.S. District Court for the Southern District of New York.
Just after noon Do Kwon was presented and pled not guilty, was detained, thread
On January 20, amid talk of the new administration's crypto executive order(s), Inner City Press published a book: "Crypto Death Spiral: Could a Luna Rise Again?" by Matthew Russell Lee, ebook here, audiobook here.
It begins: "Almost no one went to prison for the 2008 Predatory Bender. That would not be the case for crypto. Sam Bankman-Fried was sentenced to 25 years in prison; Alex Mashinsky of Celsius pled guilty with a sentencing guideline still higher. With a new era of crypto regulation and even promotion beginning in 2025, would such prosecutions be the same? Could Luna, or something like it, rise again?"
The US v. Do Kwon case was reassigned to Judge Paul A. Engelmayer to whom the US Attorney's Office on January 6 directed a victims' notice motion, on Patreon here
On January 8 Judge Engelmayer held a conference and set a January 26, 2026 trial date, among many other things. Inner City Press pressed and live tweeted, thread
More / extra on X for Subscribers here, Patreon (with US case status summary) here
Watch this site
The case is USA v. Kwon, 1:23-cr-151 (Engelmayer)
***
Your support means a lot. As little as $5 a month helps keep us going and grants you access to exclusive bonus material on our Patreon page. Click here to become a patron.
Feedback: Editorial [at] innercitypress.com
