Summary
- It was reported that Kwon Do-hyung, the former CEO of Terraform Labs, pleaded not guilty to fraud charges in a hearing at the Manhattan Court in the United States.
- Kwon Do-hyung was arrested by the authorities in Montenegro and extradited to the U.S. Department of Justice.
- The Southern District of New York Prosecutor's Office charged Kwon Do-hyung with a total of eight counts, including fraud and conspiracy to manipulate market prices.
According to the U.S. economic news Twitter account Walter Bloomberg on the 2nd (local time), Kwon Do-hyung, the former CEO of Terraform Labs who led the collapse of the cryptocurrencies Terra and Luna, pleaded not guilty to fraud charges in a hearing at the Manhattan Court in the United States.
Previously, the authorities in Montenegro extradited Kwon Do-hyung to the U.S. Department of Justice, and the Southern District of New York Prosecutor's Office had charged him with a total of eight counts, including fraud, conspiracy to manipulate market prices, commodity fraud, securities fraud, and wire fraud.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
