Do Kw on, co-founder of blockchain company Terraform Labs, is anticipated to enter a guilty plea regarding US fraud charges tied to two cryptocurrencies that collectively lost approximately $40 billion in 2022.

Court records revealed on Monday indicate that a conference for this purpose has been scheduled for August 12, 2025, at 10:30 a.m. in Courtroom 1305 of the Thurgood Marshall Courthouse in New York City.

Do Kwon Set To Change Plea

According to the court documents , the presiding judge has been informed that Do Kwon may change his plea, which marks a significant shift in his legal strategy.

In advance of the hearing, defense counsel is expected to review any plea agreement with Kwon and prepare him to deliver a narrative allocution detailing the offenses to which he will p

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