Alleged crypto crook Do Kwon pleaded pleaded not guilty in a New York court Thursday to U.S. criminal charges over the 2022 collapse of the Terra crypto ecosystem, following his extradition earlier this week from Montenegro.
Feds hit the 33-year-old disgraced tech entrepreneur with nine criminal counts, including securities fraud, wire fraud, commodities fraud, and conspiracy to commit money laundering. He agreed Thursday to be held without bail before U.S. Magistrate Judge Robert Lehrburger, Inner City Press reported.
Kwon founded Terra, a once-sizable crypto ecosystem with apps built around the LUNA token and the TerraUSD (UST) algorithmic stablecoin. The project was popular with investors, and rapidly grew to become the second-biggest blockchain in the sphere after Ethereum by early 2022.
Its native cryptocurrency, LUNA, was in its prime as one of the top digital asse
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Author: Mathew Di Salvo
