Do Kwon, possibility of withdrawing not-guilty plea raised

Bloomingbit Newsroom

Summary

Paul Engelmayer, a judge of the Southern District of New York, said that Do Kwon could submit an amended answer on the 12th.
The judge said this suggests that Do Kwon could partially or wholly change his position of pleading not guilty to the 9 felony charges and acknowledge guilt.
According to virtual asset (cryptocurrency) specialized media Cointelegraph, Do Kwon had earlier declared himself not guilty of the charges in January.

On the 11th (local time), virtual asset (cryptocurrency) specialized media Cointelegraph reported that Paul Engelmayer, a judge of the Southern District of New York, said Do Kwon, the founder of Terraform Labs, could submit an amended answer (pleading) on the 12th (local time).

This suggests that Do Kwon may partially or fully change his prior position of pleading not guilty to the 9 felony charges and admit guilt.

Earlier, Do Kwon had declared himself not guilty of the charges in January.