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Crypto founder Do Kwon indicted in US after Montenegro arrest

Do Kwon Montenegro United States Crypto Terraform Labs Filip Adzic Singapore

TerraUSD and its floating sister currency, Luna, collapsed in May [File: Dado Ruvic/Reuters]

Do Kwon, the South Korean entrepreneur behind the $40bn collapse of the cryptocurrencies terraUSD and Luna, has been charged with fraud in the United States following his arrest in Montenegro.

US prosecutors on Thursday announced eight charges against Kwon, including securities fraud, wire fraud, commodities fraud and conspiracy.

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