Kwon Do-hyung of "U.S. Repatriation" pleaded not guilty to the Terra and Luna crash.

Kwon Do-hyung, a key figure in the cryptocurrency 'Terra and Luna' crash, pleaded not guilty to various charges, including fraud, in a federal court in New York.The Associated Press reported that Mr.
made the position through his lawyer in a federal court in southern New York.Mr.

agreed to stand trial in custody without bail, and was held in federal detention in Brooklyn after the hearing.

Earlier in March last year, when the Montenegrin government arrested Kwon at Ford Goricha International Airport, the Korean government requested extradition, but Montenegrin delivered Kwon's whereabouts to the United States on the 31st of last month.

In the wake of the "Terra and Luna" crash in 2022, the federal district attorney's office in southern New York indicted Kwon on eight charges, including spreading false information and manipulating the market price, and recently added money laundering charges to the indictment.Mr.

lost a lawsuit filed by the U.S. Securities and Exchange Commission separately from the criminal trial and agreed to pay 6.5 trillion won in redemption and fines, but Mr. Kwon's company later filed for bankruptcy.