Terras Do Kwon Enters Not Guilty Plea for Fake Passport Charges: What You Need to Know
Do Kwon, the controversial co-founder of Terraform Labs, continues to make headlines. Kwon, 33, has pleaded not guilty to charges related to using forged travel documents in Montenegro, where he is currently detained, as reported by Bloomberg. This development follows a guilty verdict in Montenegro, where a court found him guilty of using a fake Costa Rican passport in an attempt to leave the country in March.
The jailed co-founder of Terraform Labs faces still more serious accusations. In addition to the passport fraud charges, Do Kwon, co-founder of Terraform Labs, has pleaded not guilty to fraud charges tied to TerraUSD's $40 billion collapse. He also faces accusations in the United States. Kwon Hace 3 días entered his plea Thursday before a US Magistrate Judge Robert Lehrburger in Manhattan. Through his lawyer, Kwon agreed to be held without bail.
Do Kwon, the co-founder of Terraform Labs, has pleaded not guilty to all charges brought against him for his role in the $40 billion TerraUSD stablecoin collapse. Kwon's extradition followed a global legal battle. The accused scammer now faces a complex legal landscape, spanning multiple countries, as he defends himself against charges relating to both passport fraud and the massive financial losses suffered by investors in the Terra/Luna ecosystem. The former co-founder and [Terraform Labs figure] will continue to be a subject of intense scrutiny as these cases progress.