Terra Founder Do Kwon was once a crypto darling out of Stanford. Now, he's facing a tough legal battle and a 130-year-long max jail sentence.

US prosecutors overseeing the criminal case against Do Kwon, co-founder of Terraform Labs, estimate that over one million individuals could have been affected by the ecosystem’s collapse.

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. criminal fraud charges after being extradited from Montenegro this week.

Do Kwon, the former CEO of Terraform Labs, has been sentenced to 130 years in prison for orchestrating a $40 billion cryptocurrency collapse, marking one of the largest financial scandals of the decade.

U.S. prosecutors estimate that the total number of victims in the TerraUSD collapse may exceed one million. Terraform Labs co-founder Do Kwon was extradited to