Do Kwon Pleads Not Guilty In U.S. Courtroom
According to a Reuters report, Do Kwon, co-founder of Terraform Labs, the incubator of TerraUSD (CRYPTO:USTC) and Luna (CRYPTO: LUNC) pleaded not guilty on Thursday to criminal fraud charges in a U.S. court.
Kwon was handed over to U.S. law enforcement officers on Tuesday at an airport in Montenegro and extradited to the United States to face the charges.
Federal prosecutors in Manhattan charged Kwon with securities fraud, wire fraud, commodities fraud and money laundering conspiracy related to the collapse of Luna and TerraUSD in 2022, which resulted in an …Full story available on Benzinga.com
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