Do Kwon, co-founder of Terraform Labs, has pleaded not guilty to charges of using false passports from Belgium and Costa Rica in a Montenegro court. Kwon had been on the run for months after the collapse of Terraform Labs, the company behind the algorithmic stablecoin TerraUSD. Both Kwon and the company's former CFO, Han Chang-joon, were accused of forgery by Montenegro prosecutors last month. The US and South Korea have requested their extradition, with the decision to be made by a local judge in Montenegro. The collapse of TerraUSD caused billions of dollars to be wiped and the SEC charged Terraform Labs and Kwon for defrauding investors.