Do Kwon, TerraUSD
decrypt · 23m
News Explorer — Terra Founder Do Kwon Pleads Not Guilty Following Extradition to US
Do Kwon, the founder of the Terra crypto ecosystem, pleaded not guilty to criminal charges in a New York court after being extradited from Montenegro. The collapse of Terra in 2022 led to a $40 billion loss for investors, with allegations of securities fraud and money laundering against Kwon.
Reuters · 5h
Former crypto executive Do Kwon due in US court on criminal fraud charges
Do Kwon, the South Korean cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion in 2022, was set to appear in U.S. court on Thursday to face criminal fraud charges after being extradited from Montenegro this week.
The Financial Times · 1h
Ex-crypto chief Do Kwon brought to New York to face fraud charges
The collapse of the TerraUSD coin unleashed an unprecedented crash in crypto markets and sparked a South Korean investigation into Kwon. He was previously charged with fraud and breaches of capital markets law in his home country, prompting an international manhunt after authorities were unable to locate him.
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