Do Kwon, the creator of the collapsed TerraUSD and Luna cryptocurrencies, pleaded not guilty to U.S. fraud charges after extradition from Montenegro.
The indictment alleges Kwon misled investors, artificially inflating the value of his tokens before their devastating crash, costing investors an estimated $40 billion.
This case highlights the critical need for users to thoroughly research and understand any investment before participating, especially in the volatile cryptocurrency market.
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