US prosecutors have filed fraud charges against Terra (LUNA) founder Do Kwon, who was captured in Montenegro after a months-long chase.
Prosecutor Damian Williams According to a court filing signed hours after the arrest in Montenegro, New York federal prosecutors told CEO Do Kwon eight different blame directed. Among the charges commodity and securities fraud, electronic fraud, conspiracy to commit fraud And conspiracy to manipulate the market took place.
US prosecutors believe Do Kwon’s past wrong And misleading containing a statement interview in the southern part of New York And in other regions citing the publication to the right to jurisdiction claimed to have. Besides, many report And shipment crime too evidence used in the scope.
Charges include Do Kwon’s with TerraForm Labs TerraUSD (UST) providing price stability algorithmic mechanism content and effectiveness related to misleading And wrong by making statements scam was also accepted.
The file also includes Do Kwon’s TOPUS-based agency on manipulating the market price of trade And investment firm with representatives he talked to was also claimed. The company in question is thought to be Jump Crypto.
Meanwhile, a spokesperson confirmed to CoinDesk that the US Department of Justice (DOJ) will request the extradition of Do Kwon to the US.