Court documents allege that Do Kwon's crypto ecosystem Terra may have affected over a million victims when UST and LUNA collapsed in 2022.

Do Kwon faces U.S. criminal charges as prosecutors allege his Terra ecosystem misled investors, causing over $40 billion in losses.

Do Kwon, the former CEO of Terraform Labs, is currently under intensive investigation by US officials who allege that he committed fraud that affected over a million people worldwide. During Kwon's trial in a New York court, prosecutors provided a detailed account of the far-reaching consequences of his alleged financial misconduct.

U.S. prosecutors estimate that Do Kwon, co-founder of Terraform Labs, may have defrauded over one million victims globally, prompting the government to seek a public notice procedure to inform them of their rights under the Justice for All Act. The post U.S. Government Seeks Public Notice Procedure for Over 1M Victims in Do Kwon Fraud Case appeared first on Cryptonews.

Former Terraform Labs CEO Do Kwon faces up to 130 years in prison after being extradited to the US, where he pleaded not guilty to fraud charges related to the $40 billion Terra cryptocurrency collapse.

The fallout from the collapse of Terraform Labs continues to unfold, with prosecutors estimating that its co-founder may have defrauded over one million people worldwide. This staggering number stems from the implosion of the Terra ecosystem in 2022, which sent shockwaves through the crypto market and triggered a cascade of bankruptcies among major firms.

US prosecutors estimate over one million victims worldwide were impacted by the collapse of Terraform Labs' ecosystem, as Do Kwon faces criminal charges for fraud and misconduct.

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.

Kwon, recently extradited to the US from Montenegro, pleaded not guilty to his criminal charges in a New York court last week.

U.S. prosecutors estimate that Do Kwon, co-founder of Terraform Labs, could potentially have one million victims all around the globe following the downfall of the Terra ecosystem.

The Terraform Labs co-founder is in US custody after pleading not guilty to nine felony charges related to fraud at the platform.

Do Kwon, Terraform Labs co-founder, was extradited to the US by Montenegro, bypassing South Korea's petition.

According to Reuters, Do Kwon appeared before Magistrate Judge Robert W. Lehrburger in the Southern District of New York.

The Government estimates that the number of victims of Kwon's actions exceeds hundreds of thousands and potentially totals more than one million.

Jupiter Exchange, one of the biggest decentralized exchanges on Solana, is launching a massive airdrop of 700 million JUP tokens this January. This airdrop is not just a chance to earn tokens, but also an opportunity to get involved in the growing Jupiverse ecosystem. Here's the key detail about the Jup airdrop.

Jupiter Exchange has announced a massive airdrop of 700 million JUP tokens, set to take place in January. This initiative aims to reward active community members, enhance liquidity, and boost engagement within the Jupiverse ecosystem.

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry as SPX6900 crossed a $1.1 billion capitalization earlier Friday to set a new record. Plus, BlackRock's IBIT bled over $332 million and Do Kwon pleaded not guilty to charges of fraud.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

Terraform Labs co-founder Do Kwon has pleaded not guilty to multiple criminal charges in a Manhattan court after being extradited to the U.S.

Do Kwon, co-founder of Terraform Labs, has been extradited to the U.S. and faces multiple federal fraud charges, potentially resulting in up to 130 years in prison for orchestrating a scheme that caused over $40 billion in investor losses. The post Do Kwon Indicted on Multiple Charges, Could Face Up to 130 Years in Prison appeared first on Cryptonews.

Terraform Labs co-founder Do Kwon pleaded not guilty in his first US court hearing on charges including securities fraud and money laundering.

Do Kwon, the co-founder of Terraform Labs, has pleaded not guilty to all charges brought against him for his role in the $40 billion TerraUSD stablecoin collapse.

TL;DR Do Kwon has pleaded not guilty to nine U.S. fraud charges related to the collapse of TerraUSD and Luna, which wiped out nearly $40 billion in market value. The charges include securities fraud, wire fraud, commodities fraud, and money-laundering conspiracy, with allegations of misleading investors and artificially inflating TerraUSD's price.

Kwon's Terraform Labs developed the luna cryptocurrency and stablecoin terraUSD, which folded in 2022, losing an estimated $40 billion

Do Kwon, the South Korean entrepreneur behind the failed cryptocurrencies TerraUSD and Luna, is set to appear in a Manhattan federal court on Thursday, facing serious criminal fraud charges.

Former cryptocurrency executive Do Kwon pleaded not guilty to nine felony charges, including a newly added money laundering count, in his first US court appearance following extradition from Montenegro.

Kwon now faces nine charges, including commodities fraud and money laundering conspiracy, instead of the eight counts he was previously charged with.

Do Kwon, co-founder of Terraform Labs, appeared before a U.S. judge on January 2, 2025, where he pleaded not guilty to charges of fraud and money laundering. This hearing marks a key milestone in a case that has shaken the crypto world since the collapse of the Terra ecosystem.

TerraForm Labs former CEO Do Kwon has pleaded not guilty for the US fraud charges. The co-founder was convicted of several charges including but not limited to money laundering and fraud.

Do Kwon, co-founder of Terraform Labs, appeared in a U.S. court on January 2, pleading not guilty to fraud charges tied to the $40 billion collapse of the TerraUSD (UST) stablecoin.

Do Kwon, co-founder of the failed cryptocurrency firm Terraform Labs, appeared in a Manhattan court after being extradited from Montenegro to face criminal charges. A new indictment adds a money laundering count to earlier charges, including securities and wire fraud, related to Terraform's $40bn collapse in 2022.

Do Kwon, co-founder of Terraform Labs, appeared in a U.S. court on Jan. 2, 2025, where he pleaded not guilty to charges stemming from the collapse of the Terra ecosystem.

He faces nine charges, including wire, securities, and commodities fraud. He is being prosecuted by the Manhattan US attorney's office, the same team that brought Sam Bankman-Fried to trial.

The crypto market is abuzz as institutional investors gear up for what could be a transformative phase. Altcoin Daily analyzes the crypto market insight of Dan Morehead, founder of Pantera Capital, who emphasizes the massive potential of altcoins in driving this next wave of adoption.

Terraform Labs founder Do Kwon pleaded not guilty to nine U.S. fraud charges related to the collapse of TerraUSD and Luna.

The Terraform Labs co-founder was indicted on eight felony charges in 2023 but will likely face an additional count for money laundering conspiracy.

Terraform Labs co-founder Do Kwon appeared in court on Jan. 2 in the US and pleaded not guilty to fraud charges linked to the $40 billion implosion of the TerraUSD (UST) stablecoin, Bloomberg News reported. Kwon appeared before US Magistrate Judge Robert Lehrburger in Manhattan and agreed to remain in custody without bail.

Terraform Labs co-founder Do Kwon pleaded not guilty in a New York court shortly after being extradited to the U.S. from Montenegro.

Terraform Labs co-founder Do Kwon has pleaded not guilty to U.S. fraud charges after being extradited from Montenegro. Prosecutors allege he misled investors about TerraUSD's stability, leading to its collapse and losses across the crypto market. The post Do Kwon Pleads Not Guilty to U.S. Fraud Charges After Extradition from Montenegro appeared first on Cryptonews.

Do Kwon made his first appearance in a US court today, facing federal fraud charges. Kwon entered a plea of “not guilty,” local reporters have claimed.

Do Kwon, the South Korean cryptocurrency entrepreneur and co-founder of Terraform Labs, pleaded not guilty on Thursday to a series of criminal fraud charges in a Manhattan federal court. This comes just days after his extradition from Montenegro, where he had been detained for over a year.

Freshly extradited from Montenegro, Terraform Labs co-founder Do Kwon pleaded not guilty to U.S. criminal charges over Terra's collapse.

The disgraced co-founder of the Terra (LUNA) ecosystem is set to appear in a US court today after recently being extradited from Montenegro.

Hyung Do Kwon walked into a Manhattan courtroom on Thursday, calm and collected, as if the $40 billion collapse of Terraform Labs wasn't sitting on his shoulders. His plea? “Not guilty.

Do Hyeong Kwon, the South Korean cryptocurrency figure once hailed as the “crypto king,” appeared in a Manhattan federal court on Thursday, pleading not guilty to a newly unsealed indictment.

A Manhattan hearing today saw Terraform Labs co-founder, Do Kwon, deny charges tied to the TerraUSD collapse.

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.