US Prosecutors Charge Former Terra CEO Do Kwon with Multiple Crimes Do Kwon, the former CEO of Terraform Labs, is facing a hefty sentence of over 100 years in prison following the filing of 8 criminal charges against him by the US Attorney's Office for the Southern District of New York. These charges include conspiracy to commit fraud, price manipulation, and wire and securities fraud. Kwon's arrest in Montenegro in March 2023 prompted the Southern District of New York to indict him on these charges. The extradition of Kwon to the United States by Montenegrin authorities was previously announced by the Justice Department. Terra-Luna Collapse: A Reminder of Crypto Market Volatility Do Kwon is being held accountable for his involvement in the 2022 collapse of the Terra-Luna cryptocurrencies. The collapse sent shockwaves through the crypto market and resulted in significant financial losses for investors. This case highlights the potential risks and complexities of investing in cryptocurrencies. Regulators around the world are taking steps to address these risks and improve investor protection in the crypto space. As the legal process unfolds, it will be crucial to monitor the outcome and its implications for the future of cryptocurrency regulation and investor confidence.