The Rise and Fall of Samih Sawiris in Swiss Investments

Samih Sawiris, heir to a wealthy Coptic dynasty, attracted Swiss investors to his Orascom Development Holding, promising lucrative returns amid Egypt’s political turmoil. However, the company’s share price plummeted from 152 to nearly 4 Swiss francs, leading to a controversial delisting plan that undervalues minority shareholders. Critics argue that Sawiris’ tactics exploit local naivety, raising concerns about his influence in Switzerland.

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Do Kwon’s Fraud Trial Delayed to 2026 Amid Evidence Review Challenges

Do Kwon’s fraud trial is set for January 2026, delayed due to the complex review of six terabytes of evidence, including encrypted devices from his extradition. Kwon, co-founder of Terraform Labs, faces multiple charges linked to the $40 billion TerraUSD collapse, impacting over a million victims globally. The case could establish a precedent for crypto fraud litigation, with the next status conference scheduled for March 6, 2025.

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Solana’s Pump Science Launches Betting on Mouse Longevity Experiments

Solana’s Pump.science and Hedgehog Markets are launching decentralized betting contracts focused on scientific experiments with laboratory mice, aiming to enhance human life expectancy. Bettors can wager on the endurance of mice treated with life-extending compounds, with insights and video footage available to inform predictions. This initiative is part of the growing DeSci sector, valued over $2 billion, which seeks to innovate scientific funding and discovery. In a separate legal matter, Terraform Labs founder Do Kwon faces a lengthy criminal prosecution set for early 2026, with significant evidence challenges and a not-guilty plea to multiple charges related to the $60 billion collapse of Terra in 2022. A civil fraud lawsuit has already found Kwon guilty, resulting in a $4.5 billion fine for Terraform.

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Mango Markets Exploiter Avraham Eisenberg Sentencing Delayed to April 10

Avraham “Avi” Eisenberg, convicted of fraud and market manipulation related to the Mango Markets exploit, will be sentenced on April 10 after a delay requested by his legal team. He drained over $100 million from the platform in October 2022, returning approximately $67 million but retaining more than $40 million. If sentenced to the maximum, he could face 20 years in prison, with potential civil actions from the SEC and CFTC following his criminal case.

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Do Kwon’s Criminal Trial Scheduled for January 2026 Amid Evidence Review

Do Kwon’s criminal trial regarding the $40 billion TerraUSD collapse is scheduled for January 26, 2026, in New York. Prosecutors are sifting through six terabytes of evidence, facing challenges with data decryption and translation. Kwon, who has pleaded not guilty to multiple fraud charges, remains in detention without bail following his extradition from Montenegro. The trial is expected to last four to eight weeks, with a status conference set for March 6, 2025.

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Do Kwon’s Jury Trial Scheduled for January 2026 Amid Fraud Allegations

Do Kwon, co-founder of Terraform Labs, is set for a jury trial on January 26, 2026, following his extradition to the US. A pretrial conference is scheduled for March 6, 2025, where plea discussions may occur. Kwon faces multiple fraud and securities violations related to the collapse of the Terra ecosystem, which resulted in over $40 billion in losses. His defense argues that the products were legitimate until market conditions changed, while prosecutors claim deceptive practices were involved. The case will also explore the classification of crypto assets under US law, with significant evidence to be reviewed.

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US Prosecutors Plan to Search Do Kwon’s Social Media and Emails

US prosecutors are set to search Do Kwon’s Twitter and email accounts as part of their criminal case against him, expecting to uncover “multiple terabytes of data.” Kwon faces nine felony charges, including a recently added money laundering conspiracy, following his extradition from Montenegro. This case parallels that of Sam Bankman-Fried, who was also extradited and faced a superseding indictment in the US.

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Do Kwon Faces Criminal Charges as Terra Collapse Affects Over One Million Victims

The collapse of the Terra crypto ecosystem in 2022 may have affected over 1 million victims, as alleged in recent court documents regarding founder Do Kwon’s case. Kwon, who pleaded not guilty to multiple U.S. criminal charges including fraud, is accused of misleading investors about the functionality of Terra’s products, leading to a $40 billion loss. Authorities claim that the UST stablecoin’s failure to maintain its dollar peg triggered the ecosystem’s rapid downfall.

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Crypto Legal Battles: Tornado Cash and Lido DAO Cases Impacting the Industry

The legal landscape for crypto is heating up, with significant cases like the Lido DAO lawsuit, which alleges the sale of unregistered securities, and the prosecution of Tornado Cash co-founder Roman Storm for money laundering. Both cases could redefine governance and privacy in decentralized finance. Meanwhile, Do Kwon faces fraud charges related to the collapse of Terraform Labs, marking a stark reminder of the industry’s tumultuous past.

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Do Kwon Faces Criminal Charges as Victim Count Exceeds One Million

Prosecutors estimate that Do Kwon, co-founder of Terraform Labs, may have over one million victims globally following the collapse of the Terra ecosystem. Kwon, who pleaded not guilty to nine felony charges, was extradited to the US and faces significant legal challenges, including a civil case where he and Terraform were found liable for fraud, agreeing to pay approximately $4.5 billion in penalties. He joins other high-profile crypto executives facing similar legal scrutiny.

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