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The Government estimates that the number of victims of Kwon's actions exceeds hundreds of thousands and potentially totals more than one million.

Several events feature among the top crypto news this week, with this article giving traders and investors a chance to get ahead of the respective ecosystem developments.

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry as SPX6900 crossed a $1.1 billion capitalization earlier Friday to set a new record. Plus, BlackRock's IBIT bled over $332 million and Do Kwon pleaded not guilty to charges of fraud.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

Terraform Labs co-founder Do Kwon has pleaded not guilty to multiple criminal charges in a Manhattan court after being extradited to the U.S.

Do Kwon, co-founder of Terraform Labs, has been extradited to the U.S. and faces multiple federal fraud charges, potentially resulting in up to 130 years in prison for orchestrating a scheme that caused over $40 billion in investor losses. The post Do Kwon Indicted on Multiple Charges, Could Face Up to 130 Years in Prison appeared first on Cryptonews.

Terraform Labs co-founder Do Kwon pleaded not guilty in his first US court hearing on charges including securities fraud and money laundering.

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.

TL;DR Do Kwon has pleaded not guilty to nine U.S. fraud charges related to the collapse of TerraUSD and Luna, which wiped out nearly $40 billion in market value. The charges include securities fraud, wire fraud, commodities fraud, and money-laundering conspiracy, with allegations of misleading investors and artificially inflating TerraUSD's price.

Kwon's Terraform Labs developed the luna cryptocurrency and stablecoin terraUSD, which folded in 2022, losing an estimated $40 billion

Do Kwon, the South Korean entrepreneur behind the failed cryptocurrencies TerraUSD and Luna, is set to appear in a Manhattan federal court on Thursday, facing serious criminal fraud charges.

Former cryptocurrency executive Do Kwon pleaded not guilty to nine felony charges, including a newly added money laundering count, in his first US court appearance following extradition from Montenegro.

Kwon now faces nine charges, including commodities fraud and money laundering conspiracy, instead of the eight counts he was previously charged with.

Do Kwon, co-founder of Terraform Labs, appeared before a U.S. judge on January 2, 2025, where he pleaded not guilty to charges of fraud and money laundering. This hearing marks a key milestone in a case that has shaken the crypto world since the collapse of the Terra ecosystem.

TerraForm Labs former CEO Do Kwon has pleaded not guilty for the US fraud charges. The co-founder was convicted of several charges including but not limited to money laundering and fraud.

Do Kwon, co-founder of Terraform Labs, appeared in a U.S. court on January 2, pleading not guilty to fraud charges tied to the $40 billion collapse of the TerraUSD (UST) stablecoin.

Do Kwon, co-founder of the failed cryptocurrency firm Terraform Labs, appeared in a Manhattan court after being extradited from Montenegro to face criminal charges. A new indictment adds a money laundering count to earlier charges, including securities and wire fraud, related to Terraform's $40bn collapse in 2022.

Do Kwon, co-founder of Terraform Labs, appeared in a U.S. court on Jan. 2, 2025, where he pleaded not guilty to charges stemming from the collapse of the Terra ecosystem.

He faces nine charges, including wire, securities, and commodities fraud. He is being prosecuted by the Manhattan US attorney's office, the same team that brought Sam Bankman-Fried to trial.

Terraform Labs founder Do Kwon pleaded not guilty to nine U.S. fraud charges related to the collapse of TerraUSD and Luna.

The Terraform Labs co-founder was indicted on eight felony charges in 2023 but will likely face an additional count for money laundering conspiracy.

Terraform Labs co-founder Do Kwon appeared in court on Jan. 2 in the US and pleaded not guilty to fraud charges linked to the $40 billion implosion of the TerraUSD (UST) stablecoin, Bloomberg News reported. Kwon appeared before US Magistrate Judge Robert Lehrburger in Manhattan and agreed to remain in custody without bail.

Terraform Labs co-founder Do Kwon pleaded not guilty in a New York court shortly after being extradited to the U.S. from Montenegro.

Terraform Labs co-founder Do Kwon has pleaded not guilty to U.S. fraud charges after being extradited from Montenegro. Prosecutors allege he misled investors about TerraUSD's stability, leading to its collapse and losses across the crypto market. The post Do Kwon Pleads Not Guilty to U.S. Fraud Charges After Extradition from Montenegro appeared first on Cryptonews.