Disgraced crypto entrepreneur Kwon Do-hyeong also known as Do Kwon pleaded “not guilty” to charges of fraud in his first court appearance in the U.S.
The plea was placed at a Manhattan federal court on Thursday following his extradition from Montenegro on Tuesday.
According to authorities investors across the globe were affected by the 40 billion U.S. dollar crash of Terraform Labs’ cryptocurrency.
Kwon has been accused of a long list of fraudulent activities as well as money laundering and may see a prison sentence of one-hundred-30 years if convicted of all charges.
Source : Arirang TV, https://www.arirang.com/news/view?id=279589
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