Do Kwon may face up to 130 years in prison, the US Department of Justice needs to prove the criminal intent of his actions. Odaily Planet Daily News Coinage founder Zack Guzman wrote in X, "Terra founder Do Kwon may face up to 130 years in prison after being extradited to the United States. He appeared in a US court for the first time, facing a wide-ranging fraud charge that may have affected the entire cryptocurrency field. The 79-page indictment by the US Department of Justice details criminal charges that were not included in the US SEC civil trial. Because the US Department of Justice must prove that Do Kwon's actions had criminal intent, the criminal case will be more detailed. What makes this case more interesting than the SBF/FTX case is that it directly applies to encryption projects and founders experimenting in Decentralized Finance. Prosecutors are investigating five alleged schemes by Do Kwon to defraud investors: 1. False advertising of Terra's stability; 2. Manipulation of Luna Foundation Guard (LFG); 3. Control of MirrorProtocol; 4. Forging Chai's use of Terra; 5. Abuse of Genesis Coins. Do Kwon will appear in court this week for further proceedings."Prior to this, Terraform Labs founder DoKwon pleaded not guilty to fraud charges in a hearing at the federal court in Manhattan. DoKwon submitted his request in front of Judge Robert Lehrburger at the US District Court for the Southern District of New York on Thursday afternoon. Subsequently, the defense and prosecution will hold a status conference on January 8, 2024, to share evidence and discuss pre-trial motions. Previously, DoKwon faced nine charges for his role in the 2022 Terra ecosystem collapse, including securities fraud, telecommunications fraud, money laundering, and commodity fraud.