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CoinGape

Terraform Labs founder Do Kwon pleads not guilty to fraud charges in U.S. court

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Summary
Nutrition label

50% Informative

Federal prosecutors in Manhattan charged Terraform Labs co-founder Do Kwon with securities fraud, wire fraud, commodities fraud, conspiracy, and a new count of money laundering conspiracy.

The charges are linked to the $40 billion collapse of the TerraUSD and Luna cryptocurrencies, which disrupted global cryptocurrency markets in 2022 .

Kwon has pleaded not guilty to multiple fraud charges in a Manhattan federal court on Thursday .

VR Score

25

Informative language

14

Neutral language

21

Article tone

formal

Language

English

Language complexity

54

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

short-lived

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