CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
coinpedia 2025-01-02 18:41:17

Just In: Do Kwon Pleads Not Guilty In First US Hearing After Extradition

The post Just In: Do Kwon Pleads Not Guilty In First US Hearing After Extradition appeared first on Coinpedia Fintech News In the latest development, Terraform Labs co-founder Do Kwon appeared before a United States magistrate on Jan. 2, 2025, and pleaded not guilty to the charges in the first legal hearing in Manhattan since his extradition to the US. Kwon faces several counts of securities fraud, wire fraud, money laundering charges, and commodities fraud for his role in the collapse of the Terra ecosystem in 2022. Previously, Montenegro had approved Do Kwon’s extradition to the US over TerraUSD and Luna crypto collapse, rejecting South Korea’s request. Earlier, the Supreme Court of Montenegro had ruled that the legal conditions for extraditing Do Kwon were met, following extradition requests from both South Korea and the United States.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.