South Korean crypto mogul Do Kwon pleaded not guilty Thursday to criminal fraud charges after he was extradited to the United States from Montenegro earlier this week, according to media reports. Kwon entered the plea in Manhattan federal court two days after his extradition,

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.

Kwon did not speak during his court appearance, except to acknowledge that he understood English. His lawyer, Andrew Chesley, entered not guilty pleas to two separate versions of

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