Crypto firm Terra co-founder Do Kwon has pleaded not guilty to fraud charges in the United States at a Manhattan federal court hearing. According to Reuters, Do Kwon's lawyer Andrew Chesley defended him and said he would not seek bail for the time being. U.S. District Court Judge Robert Lehrburger therefore ordered the detention. When U.S. Marshals took Do Kwon out of court, he took a 79-page copy of the indictment with him. He is expected to appear in court again on January 8.
Crypto firm Terra co-founder Do Kwon pleaded not guilty to fraud charges in the United States at a Manhattan federal court hearing. He filed his plea Thursday afternoon before U.S. District Judge Robert Lehrburger for the Southern District of New York in Manhattan. Do Kwon faces multiple charges of securities fraud, wire fraud, money laundering, and commodity fraud for his role in the collapse of the Terra ecosystem in 2022.