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Terraform Labs co-founder Do Kwon pleaded not guilty to multiple charges, including securities fraud and money laundering, during his first US court appearance on January 2, 2025. Following his extradition from Montenegro, Kwon agreed to be held without bail, with a status conference scheduled for January 8, 2025. Montenegro's Justice Minister approved his extradition after considering various factors, emphasizing a zero-tolerance policy for fraud.
Montenegro's Justice Minister has signed an order to extradite Terraform Labs co-founder Do Kwon to the US, following a Supreme Court ruling that all legal conditions for extradition were met. This decision comes after months of competing requests from the US and South Korea, with the US request ultimately favored due to the severity of the alleged crimes and Kwon's citizenship. Kwon faces significant legal challenges in the US, including a lawsuit from the SEC alleging he misled investors, and has been charged with offenses related to the collapse of TerraUSD and Luna tokens, resulting in approximately $40 billion in losses.
European countries and foundations have pledged nearly USD 700 million and reaffirmed commitments of USD 300 million to the WHO, emphasizing the need for sustainable funding to enhance global health initiatives. Key figures, including German Chancellor Olaf Scholz, announced significant contributions during the World Health Summit in Berlin, aiming to support WHO's investment cycle and its mission to improve health worldwide. The event highlighted the urgency of mobilizing resources ahead of the G20 Leaders' Summit next month.
Milojko Spajić
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do kwon pleads not guilty in us court following extradition from montenegro
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