Do Kwon’s Upcoming Court Session
A scheduled court session on Tuesday could see Do Kwon, the co-founder of Terraform Labs, changing his plea regarding the legal charges he faces. The upcoming conference was set by Judge Paul Engelmayer in the US District Court for the Southern District of New York (SDNY) following a filing made on Monday. This meeting suggests that Kwon might alter his earlier stance, as he had pleaded not guilty in January to nine felony counts, a decision made after a protracted legal process concerning his extradition from Montenegro to the United States.
Judge’s Instructions
Judge Engelmayer emphasized the necessity for Kwon to prepare a statement that clearly outlines the elements of each offense he may be admitting to when changing his plea. He encouraged Kwon’s legal team to help him draft this statement to ensure it could be effectively presented in court during the plea process.
Ongoing Developments
The situation continues to evolve, and updates will be provided as new information surfaces. This case remains one of significant interest, reflecting ongoing legal scrutiny within the crypto sector and its leaders.
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