Do Kwon stated in a hearing at the Manhattan Federal Court that he does not plead guilty to the fraud charges in the United States.

BlockBeats News, January 3rd, Terraform Labs founder Do Kwon stated in a Manhattan federal court hearing that he does not plead guilty to the fraud charges in the United States. Do Kwon submitted his plea before Judge Robert Lehrburger at the United States Courthouse 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.

Prior to this, Do Kwon faced nine charges for his role in the 2022 Terra ecosystem collapse, including securities fraud, wire fraud, money laundering charges, and commodities fraud. (Cointelegraph)