South Korean cryptocurrency entrepreneur Do Kwon has pleaded not guilty to US charges related to the collapse of his company’s stablecoin, TerraUSD. The 33-year-old was extradited from Montenegro earlier this week and faces nine counts of wire, securities, and commodities fraud, worth millions. He also faces prosecution in South Korea for alleged fraud.
Source: https://www.bloomberg.com/news/articles/2025-01-02/do-kwon-makes-first-us-court-appearance-in-crypto-fraud-case