“The defendant, orchestrated schemes to defraud purchasers of cryptocurrencies,” the indictment against the Terraform co-founder read.
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 for the former executive since his extradition to the US.
The embattled crypto founder appeared before US Magistrate Judge Robert Lehrburger of the Southern District of New York in Manhattan on Thursday afternoon to submit his plea.
Related: Montenegro court rejects Do Kwon’s extradition appeal
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