Alleged crypto fraudster Do Kwon was facing multiple federal charges in the United States Thursday after being extradited from Montenegro. He was a fugitive wanted in the 2022 $40 billion TerraUSD collapse.

PODGORICA, Montenegro (AP) — Montenegro on Tuesday extradited a South Korean mogul known as “the cryptocurrency king” to the United States, following a decision of its justice ministry earlier this month to accept a U.S. request, while refusing a South Korean handover plea, the Balkan country’s authorities said.

Terraform Labs co-founder Do Kwon denies fraud charges in U.S. court after extradition, while facing allegations tied to $40B Terra collapse.

Do Kwon, the South Korean cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion in 2022, pleaded not guilty on Thursday to US criminal fraud charges, after being extradited from Montenegro this week.

Montenegro has approved the extradition of a South Korean mogul known as “the cryptocurrency king” to the United States.

Terraform Labs Pte. co-founder Do Kwon pleaded not guilty to US fraud charges tied to the $40 billion collapse of the TerraUSD stablecoin.

South Korean Terraform Labs co-founder extradited from Montenegro to face charges in US. Prosecutors say he misled investors about TerraUSD.