Do Kwon, the co-founder of Terraform Labs, has pleaded not guilty in a US court to various charges. His appearance marks his first legal proceeding in the country following his extradition. The charges against him include securities fraud, wire fraud, money laundering, and commodities fraud.
This case is unfolding in Manhattan and is a significant event in the cryptocurrency sector, as Kwon and his company have been central figures due to the Terra Luna probe.
This development highlights the ongoing legal challenges facing high-profile figures in the crypto industry and the regulatory scrutiny they are under.