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01/03/2025
Do Kwon pleads not guilty to US fraud charges in US$40 billion crypto collapse
SCMP
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 currencies, with securities fraud, wire fraud, commodities fraud and money laundering conspiracy.
Kwon, 33, wore an olive green long-sleeved shirt and black sweatpants as his lawyer Andrew Chesley entered the plea at a hearing before US Magistrate Judge Robert Lehrburger in Manhattan federal court.
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