Extra: Do Kwon Pleads Guilty so 12 Year Sentence to Be Advocated for by US and $19 Million Fine - but what awaits in South Korea? More here
More on X for Subscribers here and below the paywall / Subscribe (support) line here
by Matthew Russell Lee, Patreon Book Substack
SDNY COURTHOUSE, Aug 12– After the collapse of the crypto firm Terraform Labs, Inner City Press covered the SEC's trial against it and Do Kwon - except that Kwon was in Montenegro. Now, Do Kwon book here
Early on January 2, 2025 Inner City Press learned and vlogged that Kwon would be presented later in the day before U.S. District Court for the Southern District of New York Magistrate Judge Robert W. Lehrburger.
The superseding indictment, Inner City Press immediately put it online here
Just after noon Do Kwon was presented and pled not guilty, was detained, thread
The case was reassigned to Judge Paul A. Engelmayer to whom the US Attorney's Office on January 6 directed a victims' notice motion, on Patreon here
On August 11, 2025 Judge Engelmayer docketed an order that Do Kwon was a change of plea - to guilty - on August 12 at 10:30 am. Order on Patreon here.
On August 12 Inner City Press live tweeted the guilty plea, including AUSA saying her Office will advocate for a 12 year sentence if Do Kwon commits no new crimes. Thread.
More on X for Subscribers here and below
the paywall / Subscribe (support) line here
