A judge at the Southern District of New York has scheduled a hearing where Terraform Labs founder Do Kwon may change his plea on several charges.
Case Overview Against Do Kwon
In January, Do Kwon, co-founder of Terraform Labs, pleaded not guilty to nine felony charges following his extradition from Montenegro to the United States.
Possible Change of Plea
Judge Paul Engelmayer ordered the parties to appear in court on Tuesday, which may suggest that Kwon is preparing to change his plea for some or all of his charges. The judge also stated that "the defendant should be prepared to give a narrative allocution that incorporates all elements of the offense(s) to which the defendant is pleading guilty."
Conclusion and Further Developments
This is a developing story, and further information will be added as it becomes available.
The hearing scheduled for Tuesday may mark a pivotal moment in Do Kwon's legal proceedings.
