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This photo from Wednesday Dec. 17, 2008, shows the Securities and Exchange Commission (SEC) headquarters in Washington.

AP

  • US fraud prosecutors charged Terraform Labs CEO Do Kwon hours after his arrest in Montenegro.
  • Kwon created two cryptocurrencies TerraUSD and its sister affiliate Luna that lost $40B last year.
  • He now faces an eight-count indictment, including securities and commodities fraud and conspiracy.

Do Kwon, Terraform Labs CEO and creator of the TerraUSD stablecoin, has been charged with fraud by US prosecutors hours after his arrest in Montenegro on Thursday. 

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Markets, MI Exclusive, terra, TerraUSD, Terraform Labs, SEC, Prosecutors, Do Kwon, crypto, crypto scams, Crypto Investigations, ftx
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US prosecutors charge crypto Terra founder Do Kwon with fraud following his Mon…