Deep Tide TechFlow news, on January 3, Terraform Labs founder Do Kwon stated that he does not plead guilty to the fraud charges in a hearing at the 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 on Thursday afternoon local time. Subsequently, the defense and prosecution will hold a status conference on January 8, 2024, to share evidence and discuss pre-trial motions.
According to previous reports, Do Kwon faces nine charges, including securities fraud, telecommunications fraud, money laundering charges, and commodity fraud charges, for his role in the collapse of the Terra ecosystem in 2022. The Prime Minister of Montenegro stated on December 31, 2024, that the process of extraditing Do Kwon to the United States has been completed.