Terraform Labs founder Do Kwon pleaded not guilty to U.S. fraud charges at a hearing in Manhattan federal court. Do Kwon submitted his request before Judge Robert Lehrburger of the U.S. District Court for the Southern District of New York in Manhattan on Thursday afternoon local time.
After that, the defense and prosecution will hold a status conference on January 8, 2024 to share evidence and discuss pre-trial motions.
Previously, Do Kwon faced nine charges for his role in the collapse of the Terra ecosystem in 2022, including securities fraud, wire fraud, money laundering charges, and commodity fraud charges. (Cointelegraph)