Legal
Do Kwon Pleads Not Guilty to US Charges Over Terra Collapse
- Kwon was extradited from Montenegro earlier this week
- He is also facing fraud prosecution in his native South Korea
Do Kwon
Photographer: Woohae Cho/BloombergThis article is for subscribers only.
Terraform Labs Pte. co-founder Do Kwon pleaded not guilty to US fraud charges tied to the $40 billion collapse of the TerraUSD stablecoin.
Kwon, 33, entered his plea Thursday before a US Magistrate Judge Robert Lehrburger in Manhattan. Through his lawyer, Kwon agreed to be held without bail. He faces nine counts, including wire, securities and commodities fraud.