At a preliminary hearing in Manhattan, Chief Prosecutor Jared Leno told the court that Terraform Labs co-founder and former CEO Do Kwon's criminal fraud trial in the United States is tentatively scheduled for January 2026 to allow prosecutors and Kwon's defence counsel ample time to review the "massive" 6TB of data expected to be generated over the course of the investigation. Prosecutors said the government is expected to face more delays because when Do Kwon was extradited to the United States on Dec. 31, the authorities in Montenegro provided four mobile phones that they could not access encrypted messages and unlock, so the government will face more delays. In addition, the government must also translate material excerpted from Do Kwon's native Korean language into English. The next status conference for the case is scheduled for 11 a.m.