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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. 

This follows his recent extradition from Montenegro, where he had been detained for over a year after attempting to use falsified travel documents at the country’s Podgorica airport.

Do Kwon Faces Criminal Charges In The US 
Kwon’s legal troubles stem from the catastrophic collapse of his digital currencies in 2022, which resulted in an estimated loss of $40 billion for investors. 

The SEC and the Manhattan US Attorney’s office allege that Kwon misled investors about the stability of TerraUSD, a stablecoin purported to maintain a value of $1. The failure of TerraUSD, along with its sister token Luna, triggered a broader downturn in the cryptocurrency market, impacting established digital assets like Bitcoin (BTC).

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. 

This follows his recent extradition from Montenegro, where he had been detained for over a year after attempting to use falsified travel documents at the country’s Podgorica airport.

Do Kwon Faces Criminal Charges In The US 
Kwon’s legal troubles stem from the catastrophic collapse of his digital currencies in 2022, which resulted in an estimated loss of $40 billion for investors. 

The SEC and the Manhattan US Attorney’s office allege that Kwon misled investors about the stability of TerraUSD, a stablecoin purported to maintain a value of $1. The failure of TerraUSD, along with its sister token Luna, triggered a broader downturn in the cryptocurrency market, impacting established digital assets like Bitcoin (BTC).

https://bitcoinist.com/us-court-appearance-scheduled-for-do-kwon/