Terraform Labs entrepreneur changes plea in New York court

The South Korean founder of Singapore-based Terraform Labs was behind the TerraUSD and Luna digital currencies.

Terraform Labs entrepreneur changes plea in New York court

Kwon, 33, who co-founded Singapore-based Terraform Labs and developed the TerraUSD and Luna currencies, entered the plea at a court hearing in New York.

Terraform Labs co-founder, pleading guilty to two charges, was accused of misleading investors in 2021 about TerraUSD

The tech company will have to rely on ‘assumed’ rather than actual facts to contest the UK’s encryption order