Do Kwon Faces Pivotal Court Moment — Possible Plea Change Ahead
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The legal saga of Terraform Labs co-founder Do Kwon is taking another turn. A federal judge in New York has scheduled a special hearing for Tuesday, where Kwon could change his plea in the high-profile case.
Kwon, who was extradited from Montenegro earlier this year, initially pleaded not guilty to nine felony charges tied to the collapse of Terraform Labs. Now, Judge Paul Engelmayer wants him ready to explain — in his own words — the details of any charges he plans to admit to. His legal team has been instructed to help prepare a public statement for the court.
This shift could mark a major development in one of the most closely watched crypto cases in recent years. All eyes will be on the Southern District of New York to see if Kwon stays the course or makes a strategic move
