Cointelegraph reports that a federal judge has scheduled a conference for Terraform Labs co-founder Do Kwon, potentially paving the way for him to change his plea in ongoing court proceedings. This conference will take place on Tuesday at the U.S. District Court for the Southern District of New York, as directed by Judge Paul Engelmayer. This development suggests Kwon may be preparing to alter his initial not guilty plea related to the nine felony charges brought against him regarding his involvement with Terraform Labs. Previously, Do Kwon entered a not guilty plea in January after an extradition process from Montenegro to the U.S., and the upcoming court appearance could signal a major shift in the legal case. Judge Engelmayer has instructed Kwon to provide a detailed narrative allocution at the conference outlining his intended guilty pleas for certain charges. The court is also encouraging counsel to assist Kwon in crafting a public statement that can be presented during the plea hearing. Further updates will be provided as new information becomes available.