Do Kwon, Crypto Bro Responsible for $40B Luna/Terra Collapse, Extradited to US
transactions and to deceive auditors conducting an annual audit of Terraform and the Terra Protocol’s $1 peg.”
Kwon’s lawyer, Robert Hartley, promised a vigorous defense. “Mr. Kwon looks forward to his day in court, where he can address these allegations head-on and prove his innocence,” Hartley said.
But Kwon, who is being held without bail, faces a steep climb. The government is seeking the forfeiture of any assets derived from Kwon’s alleged crimes, and the charges against him could result in decades in prison if he is convicted.
For now, Kwon is housed in a federal detention center in New York City, awaiting his next court date. In the crypto community, many are watching closely, wondering how someone so prominent—and briefly so wealthy—could fall so far, so fast.
