Do Kwon, co-founder of Terraform Labs, stands accused in a significant case involving the collapse of TerraUSD and Luna in 2022. On Thursday, he pled not guilty to fraud charges in Manhattan federal court, asserting his innocence against the allegations.
Having been extradited from Montenegro, Kwon is confronted with several charges, including allegations of orchestrating a massive deception scheme. This case holds substantial attention as Terraform Labs played a pivotal role in the crypto world, leading many to question the protective measures in place against such failures.
The implications of this trial are vast, potentially influencing regulatory and protective protocols within the crypto domain.
Source: www.thecoinrepublic.com ↗
