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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.

In his first appearance before a Manhattan federal court, former cryptocurrency executive Do Hyeong Kwon entered a not guilty plea to multiple criminal charges, including a newly revealed money laundering count. The court appearance on January 2, 2025, marked Kwon’s first formal response to charges stemming from the $40 billion collapse of his company, Terraform Labs.

Kwon arrived in the United States following his extradition from Montenegro, where he had been held since March 2023 after being arrested for using falsified travel documents. The transfer to US custody came after months of competing extradition requests from both American and South Korean authorities.

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.

In his first appearance before a Manhattan federal court, former cryptocurrency executive Do Hyeong Kwon entered a not guilty plea to multiple criminal charges, including a newly revealed money laundering count. The court appearance on January 2, 2025, marked Kwon’s first formal response to charges stemming from the $40 billion collapse of his company, Terraform Labs.

Kwon arrived in the United States following his extradition from Montenegro, where he had been held since March 2023 after being arrested for using falsified travel documents. The transfer to US custody came after months of competing extradition requests from both American and South Korean authorities.
https://blockonomi.com/do-kwon-enters-not-guilty-plea-in-40-billion-cryptocurrency-collapse-case/