Terraform co-founder Do Kwon appears before US judge, pleads not guilty
Summary
Do Kwon, co-founder of Terraform Labs, pleaded not guilty to charges during his first US legal hearing on January 2, 2025. He faces charges of securities fraud, wire fraud, money laundering, and commodities fraud related to the 2022 collapse of the Terra ecosystem. The hearing took place before US Magistrate Judge Robert Lehrburger in Manhattan. This event follows a lengthy extradition process from Montenegro, where court officials deliberated between sending him to the US or South Korea. Further developments in this legal case are anticipated.
