US EditionSouth Korea’s Do Kwon pleads not guilty to US fraud charges in $55b crypto collapse
- Do Kwon pleaded not guilty to U.S. Fraud charges related to a $55 billion crypto collapse during his first court appearance in Manhattan after being extradited from Montenegro.
- The indictment accuses Kwon of misleading investors about Terraform Labs and its cryptocurrencies, claiming he built a financial world on lies and deceptive practices.
- Kwon is charged with conspiracy, securities fraud, wire fraud, and money laundering, with a court hearing scheduled for January 8.
- The collapse of Terraform Labs in May 2022 resulted in a $40 billion loss for investors globally, impacting the wider cryptocurrency market.
81 Articles
81 Articles
Ars Technica
Do Kwon, the crypto bro behind $40B Luna/Terra collapse, finally extradited to US
Kwon pled “not guilty” before a federal judge.
Extradited South Korean crypto 'genius' in court to face U.S. charges
The South Korean co-founder of Terraform Labs appeared in a New York court on Thursday to face fraud charges stemming from the multi-billion-dollar collapse of his cryptocurrency company.Do Hyeong Kwon, 33, was extradited to the United States from Montenegro on Tuesday.Kwon, the former chief executive of Terraform, is accused of deceiving investors to fraudulently inflate the value of his firm's cryptocurrencies."Do Hyeong Kwon will now be held …
Terraform Labs' Do Kwon Pleads Not Guilty to Fraud on Extradition to US: Reuters
Do Kwon, founder of the failed Terra Luna crypto ecosystem, pleaded not guilty to charges of fraud following his Dec. 31 extradition to the U.S., Reuters reported on Thursday.Kwon's Terraform Labs developed the luna cryptocurrency and algorithmic stablecoin terraUSD, which collapsed in 2022 with the loss of an estimated $40 billion. Kwon faces charges that include securities fraud, wire fraud, commodities fraud and money laundering conspiracy.F…
Crypto bankrupt Kwon in US court for fraud
After the extradition of the South Korean cryptocurrency entrepreneur Do Kwon to the USA, he was brought before a federal judge in New York on Thursday. The judge opened proceedings against the 33-year-old for fraud and money laundering. Kwon had been on the run from the authorities in the USA and South Korea for almost a year. If found guilty on all nine counts, he faces a sentence of up to 130 years in prison. Kwon must answer for fraudulently…
Cryptocurrencies: South Korean Do Kwon indicted in New York after his extradition
The South Korean entrepreneur Do Kwon, extradited from Montenegro on Tuesday, was presented on Thursday to a federal judge in New York who served him with his indictment for fraud in the management of the Terra cryptocurrency, which collapsed in the spring of 2022....
Do Kwon pleads not guilty to US fraud charges in $40 billion crypto collapse
NEW YORK, USA – Do Kwon, the South Korean cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion in 2022, pleaded not guilty on Thursday, January 2, to US criminal fraud charges after being extradited from Montenegro this week. Federal prosecutors in Manhattan on Thursday unsealed a nine-count indictment charging Kwon, who co-founded Singapore-based Terraform Labs and developed the TerraUSD and Luna currenci…
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