US EditionSouth Korea’s Do Kwon pleads not guilty to US fraud charges in $55b crypto collapse
- Do Kwon, the South Korean cryptocurrency entrepreneur, pleaded not guilty to U.S. criminal fraud charges on January 2 after being extradited from Montenegro this week.
- Federal prosecutors charged Kwon with securities fraud, wire fraud, commodities fraud, and money laundering conspiracy in a nine-count indictment.
- The indictment alleges Kwon misled investors about TerraUSD, claiming a computer algorithm restored its value while secretly manipulating its price.
- Kwon is expected back in court on January 8, after being ordered detained by the judge.
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…
The South Korean entrepreneur Do Kwon 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.
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…
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....
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