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Terraform Labs co-founder Do Kwon will face securities fraud charges in the US
The company's collapse led to $40 billion wiped from the crypto market.
The Terraforms co-founder has been held in Montenegro since March 2023, when he tried to board a flight with a forged passport — six months after Interpol put out a "red notice" warrant for his arrest. The US announced its charges in February 2023, with the SEC chair Gary Gensler stating, "We allege that Terraform and Do Kwon failed to provide the public with full, fair, and truthful disclosure as required for a host of crypto asset securities, most notably for Luna and TerraUSD. The biggest news stories this morning: 2024 is on its way to being the hottest year ever, How to use Visual Intelligence, Apple's take on Google Lens, LG's new UltraGear lineup includes a bendable 5K OLED.
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