Summary
- Judge Paul Engelmayer stated that Do Kwon, founder of Terraform Labs, may submit an amended answer on the 12th.
- It was reported that this indicates the possibility that Do Kwon may partially or fully change his stance from his previous not guilty plea regarding the nine felony charges.
- It was also stated that in January, Do Kwon had declared not guilty to the charges.
According to Cointelegraph, a cryptocurrency-focused media outlet, on the 11th (local time), Paul Engelmayer, judge at the United States District Court for the Southern District of New York, stated that Do Kwon, founder of Terraform Labs, may submit an amended answer (plea) on the 12th (local time).
This suggests that Do Kwon may partially or fully change his previous not guilty plea to admitting guilt to the nine felony charges he was facing.
Previously, in January, Do Kwon had declared not guilty to the charges in question.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
![Did it crash because of Trump?…The 'real reason' Bitcoin collapsed [Hankyung Koala]](https://media.bloomingbit.io/PROD/news/d8b4373a-6d9d-4fb9-8249-c3c80bbf2388.webp?w=250)
!["Will AI take our jobs?" Fear spreads…market rattled by a plunge in shares [New York Market Briefing]](https://media.bloomingbit.io/PROD/news/874408f1-9479-48bb-a255-59db87b321bd.webp?w=250)