Do Kwon May Change Plea in US Criminal Case
Main Idea
Terraform Labs co-founder Do Kwon may change his plea in a US criminal case, while Ethereum developer Federico Carrone was detained in Turkey over alleged links to a privacy protocol.
Key Points
1. Do Kwon could enter a change of plea in a US court regarding charges of market manipulation, money laundering, and wire fraud.
2. Kwon's trial is scheduled for January 2026, and he has been held without bail since being handed over to US officials in December 2024.
3. Ethereum core developer Federico Carrone was detained in Turkey for 24 hours over alleged links to a privacy protocol, which he claims was based on academic research.
4. Carrone donated $500,000 in ETH to support the legal defense of Tornado Cash co-founder Roman Storm, emphasizing the importance of protecting developers of open-source privacy tools.
5. The outcomes of these legal proceedings could have significant implications for the crypto industry, particularly regarding regulatory and legal challenges.
Description
A court filing from Judge Paul Engelmayer scheduled a Tuesday conference where Kwon could plead guilty, less than a year after being extradited from Montenegro and months after pleading not guilty to nine felony charges, including securities fraud, market manipulation, and money laundering. The potential plea follows months of negotiations between prosecutors and Kwon’s defense team. Meanwhile, Ethereum core developer Federico Carrone was released after a 24-hour detention in Turkey over alleged...
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