by Matthew Russell Lee, Patreon Book Substack
SDNY COURTHOUSE, Jan 8 – 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 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.
District Judge John P. Cronan had signed an order that the superseding indictment should be unsealed and available as of 9 am. But it was not, until nearly noon. Inner City Press immediately put it online here
Just after noon Do Kwon was presented and pled not guilty, was detained, thread
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 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)
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