Terra Founder Do Kwon was once a crypto darling out of Stanford. Now, he's facing a tough legal battle and a 130-year-long max jail sentence.

Do Kwon, the South Korean cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion in 2022, pleaded not guilty on Thursday to U.S. criminal fraud charges after being extradited from Montenegro this week.

Alleged crypto fraudster Do Kwon was facing multiple federal charges in the United States Thursday after being extradited from Montenegro. He was a fugitive wanted in the 2022 $40 billion TerraUSD collapse.

Terraform Labs co-founder Do Kwon denies fraud charges in U.S. court after extradition, while facing allegations tied to $40B Terra collapse.

The case has sent ripples through the crypto world as it grapples with issues of regulation, transparency, and accountability.

Do Kwon, a South Korean cryptocurrency entrepreneur, pleaded not guilty to U.S. criminal fraud charges after losing an estimated $40 billion from digital currencies TerraUSD and Luna. Prosecutors allege that Kwon misled investors with false claims.

Terraform Labs Pte. co-founder Do Kwon pleaded not guilty to US fraud charges tied to the $40 billion collapse of the TerraUSD stablecoin.

South Korean cryptocurrency mogul Do Hyeong Kwon pleaded not guilty Thursday to a freshly unsealed indictment released in time for his first U.S. court appearance. Kwon entered the plea in Manhattan federal court two days after his extradition from Montenegro.

NEW YORK >> Do Kwon, the South Korean cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion in 2022, pleaded not guilty today to U.S. criminal fraud charges, after being extradited from Montenegro this week.