Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 12450
Markets: 96130
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
12450
Cryptocurrencies
55.82%
Bitcoin Share
CoinGape 2025-01-02 18:13:57

Breaking: Terraform Labs Founder Do Kwon Pleads Not Guilty To US Fraud Charges

Breaking: Terraform Labs Founder Do Kwon Pleads Not Guilty To US Fraud Charges

Terraform Labs co-founder and former CEO Do Kwon has pleaded not guilty to multiple fraud charges in a Manhattan federal court on Thursday. This appearance follows his extradition from Montenegro, where he had been detained since March 2023 for traveling on a fake passport. The charges are linked to the $40 billion collapse of the TerraUSD and Luna cryptocurrencies, which disrupted global cryptocurrency markets in 2022. Terraform Labs Founder Do Kwon Pleads Not Guilty Federal prosecutors in Manhattan charged Terraform Labs co-founder Do Kwon with securities fraud, wire fraud, commodities fraud, conspiracy, and a new count of money laundering conspiracy. The charges allege that Kwon misled investors about the stability of TerraUSD, a stablecoin designed to maintain a $1 value. Prosecutors claim Kwon falsely stated that an algorithm, the “Terra Protocol,” stabilized the coin in May 2021, while he secretly arranged for a trading firm to purchase large quantities of TerraUSD to artificially sustain its price. “Much of this growth followed Kwon’s brazen deceptions about Terraform and its technology,” stated the updated indictment. The prosecutor’s office alleges that these claims attracted both retail and institutional investors, pushing the value of Terraform products, including the Luna token, to $50 billion by early 2022. Terraform Labs co-founder Do Kwon, 33, appeared before U.S. Magistrate Judge Robert Lehrburger on Thursday. He denied all wrongdoing and maintained his stance that Terraform Labs had been truthful about its operations. This Is A Breaking News, Please Check Back For More The post Breaking: Terraform Labs Founder Do Kwon Pleads Not Guilty To US Fraud Charges appeared first on CoinGape .

Most Read News



Cryptohopper
hardware wallets, hardware , wallets, Crypto Currency, Cryptocurrency hardware wallets, Crypto Apparal, crypto wallet, Cryptocurrency wallets

Market Cap
24h Vol
55.82%
Bitcoin Share
451
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.