Do Kwon Pleads Not Guilty to Fraud Charges in $40B Terra Collapse

BTCC / BTCC Square / Global Cryptocurrency /

Author:

Published:

2025-01-03 03:41:02

Do Kwon entered a Manhattan courtroom on Thursday calm and collected, pleading not guilty to fraud charges related to the $40 billion collapse of Terraform Labs. Federal prosecutors have added money laundering to the list of charges, accusing Kwon of running Terraform Labs like a smoke-and-mirrors show, feeding investors lies while moving over $10,000 in criminally derived property through crypto and wire transfers.

Tesla’s Q4 2024 Performance Disappoints; Stock Crashes

Crypto Funding Reached $9.33B in 2024

|Square

Get the BTCC app to start your crypto journey

Download on the App Store GEI IT ON Google Play

Get started today Scan to join our 100M+ users

Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

Recommended

Promotions

Do Kwon Pleads Not Guilty to Fraud Charges in $40B Terra Collapse

|Square