Terraform Labs co-founder Do Kwon faces a new money laundering conspiracy charge after being extradited from Montenegro to the US. The charge was revealed in a superseding indictment unsealed on January 2 by the US District Court for the Southern District of New York. Prosecutors allege Kwon facilitated transactions exceeding $10,000, knowing they involved proceeds from unlawful activities. Kwon, linked to the 2022 Terra ecosystem collapse, pleaded not guilty and remains in detention. It remains uncertain if US authorities will pursue a plea deal or proceed with a trial.