by Matthew Russell Lee, Patreon Book Substack
SDNY COURTHOUSE, Dec 11 – 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. Now, Do Kwon book here
Early on January 2, 2025 Inner City Press learned and vlogged that Kwon would be presented later in the day before U.S. District Court for the Southern District of New York Magistrate Judge Robert W. Lehrburger.
The 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 August 11, 2025 Judge Engelmayer docketed an order that Do Kwon was a change of plea - to guilty - on August 12 at 10:30 am. Order on Patreon here.
On August 12 Inner City Press live tweeted the guilty plea, including AUSA saying her Office will advocate for a 12 year sentence if Do Kwon commits no new crimes. Thread.
On November 26 Do Kwon's lawyer wrote in a heavily redacted submission that he should be sentenced to no more than five years, not the 12 years cited in his plea agreement - and the 12 years imposed on Mashinsky. 23 page filing on Patreon here
More on Substack here
On December 11, starting at 11 am and ending at 5 pm, Judge Engelmayer sentenced Do Kwon to 15 years. Inner City Press thread here
More / extra on X for Subscribers here and Substack here.
Patreon (with earlier US case status summary) here
Inner City Press published a book: "Crypto Death Spiral: Could a Luna Rise Again?" by Matthew Russell Lee, ebook here, audiobook here.
Watch this site
The case is USA v. Kwon, 1:23-cr-151 (Engelmayer)
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