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Crypto exec Do Kwon, charged with fraud, expected to plead guilty
Do Kwon, the South Korean cryptocurrency entrepreneur facing U.S. fraud charges over two digital currencies that lost an estimated $40 billion in 2022, is expected to enter a guilty plea, court records showed on Monday. In a brief scheduling order, U.S. District Judge Paul Engelmayer said he had been advised that Kwon may change his plea and set a hearing for Tuesday at 10:30 a.m. EDT (1430 GMT) in Manhattan federal court. Kwon, who co-founded Singapore-based Terraform Labs and developed the TerraUSD and Luna currencies, had previously pleaded not guilty to a nine-count indictment charging him with securities fraud, ... (full story)
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$crypto Do Kwon to potentially change plea in US fraud case on Wednesday DO KWON SET TO CHANGE PLEA IN CRIMINAL CASE THIS WEEK Terraform Labs co-founder Do Kwon will appear for a plea change hearing on Wednesday. Kwon previously pleaded not guilty to securities fraud, market manipulation, money laundering, and wire fraud. A change in plea could…
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