Kwon's Terraform Labs developed the Luna cryptocurrency and stablecoin TerraUSD, which capitulated in 2022, losing an estimated $40 billion.

Do Kwon, the co-founder of collapsed cryptocurrency startup Terraform Labs, will be extradited to the U.S. to face federal fraud charges.

By Luc Cohen NEW YORK (Reuters) -Do Kwon, the South Korean cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion in 2022, pleaded not guilty on Thursday to U.S.

South Korean cryptocurrency mogul Do Hyeong Kwon pleaded not guilty Thursday to a freshly unsealed indictment released in time for his first U.S. court appearance. Kwon entered the plea in Manhattan federal court two days after his extradition from Montenegro.

Terraform Labs' Do Kwon pleads not guilty to US fraud charges in court, marking a major turn in crypto's $40B collapse saga.

Terraform cryptocurrency boss Do Kwon is on trial in a US court for fraud. Although he confessed, he does not consider himself guilty.

Do Kwon pleads not guilty to U.S. fraud charges after TerraUSD and Luna lost $40 billion in 2022. The charges stem from misleading investors.

Terraform Labs co-founder Do Kwon denies fraud charges in U.S. court after extradition, while facing allegations tied to $40B Terra collapse.

A new indictment unsealed on Thursday adds a new count of money laundering to the eight original charges announced last year against Kwon — which included securities, commodities and wire fraud — over Terraform Labs’ 2022 collapse,

Do Kwon, the South Korean crypto mogul bring behind the multibillion-dollar Terraform (UST-USD) collapse in 2022, pleaded not guilty to criminal fraud charges after his extradition to the U.S. on Dec.

Do Hyeong Kwon, the 33-year-old co-founder and former CEO of Terraform Labs, has been extradited from Montenegro to the United States to face serious fraud charges. Kwon’s involvement in the collapse of cryptocurrencies linked to Terraform caused devastating losses,