A South Korean crypto developer was charged on Thursday by U.S. prosecutors for allegedly defrauding investors about his two digital currencies – Terra and Luna – that collapsed last year, according to news reports. Do Kwon, who was arrested on Thursday by authorities in Montenegro, was indicted by Manhattan federal prosecutors who accused him of misleading buyers of digital currencies issued by Terraform Labs, a payment platform used for cryptocurrencies. Prosecutors also said Kwon engaged in market manipulation with a U.S. trading firm so he could change the market price of Terra, Bloomberg reported. The indictment also alleges that Kwon made false and misleading statements on
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