The 33-year-old Korean national said he "knowingly" participated in a scheme that defrauded purchasers.
The pair’s plea change comes amid Tornado Cash developer Roman Storm’s ongoing criminal trial on similar charges.
Keonne Rodriguez and William Lonergan Hill both previously pleaded not guilty, but are expected to change their pleas in Manhattan on Wednesday morning.
One of the men behind BTC-e, a now-defunct crypto exchange once popular with cybercriminals and money launderers, has been arrested and charged in the U.S., the Department of Justice (DOJ) said Thursday.
HyperVerse was a nearly $2 billion fraudulent crypto investment scheme with a fake CEO at its helm, the U.S. Securities and Exchange Commission (SEC) and a grand jury allege in a lawsuit and criminal indictments against two of its leaders.