The co-creator of the cryptocurrency platform Terraform Labs PTE Ltd. (Terraform) has been extradited to face $40B fraud charges. Do Hyeong Kwon, 33, a citizen of the Republic of Korea, was subject to an extradition order from Montenegro and appeared in a Manhattan court to face federal fraud charges.

Terraform Labs founder Do Kwon pleads not guilty to U.S. fraud charges linked to TerraUSD and Luna's $40B collapse in 2022.

Terraforms Labs CEO Do Kwon spent the last day of 2024 getting extradited to the US, Reuters reports. Kwon faces charges in the US for "orchestrating a multi-billion dollar crypto asset securities fraud involving an algorithmic stablecoin and other crypto asset securities.

Authorities say Do Hyeong Kwon, former CEO of Terraform Labs, appeared in a Manhattan federal courtroom Thursday after facing extradition from Montenegro over

South Korean cryptocurrency mogul Do Kwon has pleaded not guilty to a freshly unsealed indictment released in time for his first U.S. court appearance.

Kwon, who had been detained in Montenegro since March 2023 was handed over to US authorities following a lengthy legal battle. His arrest came six months after Interpol issued a “red notice” warrant,

The South Korean co-founder of Terraform Labs appeared in a New York court on Thursday (Friday in Manila) to face fraud charges stemming from

Do Kwon, the co-founder of collapsed cryptocurrency startup Terraform Labs, will be extradited to the U.S. to face federal fraud charges.

Terraform Labs co-founder and TerraUSD and Luna Do Kwon pleaded not guilty in Manhattan federal court. A nine-count indictment alleging securities fraud, wire fraud, and money laundering conspiracy. Federal prosecutors claim Kwon misled investors about the stability of TerraUSD,

Do Kwon, the South Korean crypto mogul bring behind the multibillion-dollar Terraform (UST-USD) collapse in 2022, pleaded not guilty to criminal fraud charges after his extradition to the U.S. on Dec.