PANews reported on January 3 that according to Reuters, when Terra co-founder Do Kwon first appeared in a U.S. court, his lawyer said he would not apply for bail for the time being. The judge then ordered Kwon to continue to be detained. When he left the court, he held a copy of the 79-page indictment. Kwon is expected to appear in court again on January 8 to respond to the lawsuit.