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U.S. court documents suggest Do Kwon case may have more than 1 million victims
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2025-01-07 08:02 2,571
January 7 news, according to Cointelegraph, the U.S. government prosecutor overseeing the criminal case of Terraform Labs co-founder Do Kwon estimated that Do Kwon may have caused more than one million victims worldwide after the collapse of the Terra ecosystem. . On January 6, Acting U.S. Attorney Daniel Gitner of the U.S. Federal Court for the Southern District of New York notified the court of the process for informing Kwon’s victims of their rights in the criminal case. The government will create a website about public proceedings in Kwon's case because other methods of providing victims with rights protections are "impractical," according to U.S. prosecutors. Gitner said: “While it is difficult to precisely quantify Kwon, given the sheer volume of trades in the Terraform cryptocurrency and the manner in which these trades are conducted (many of which are conducted on foreign exchanges through digital asset wallets or cryptocurrency trading accounts without personally identifiable information) , but the government estimates the number of victims in this case exceeds hundreds of thousands of individuals and entities and may total more than one million.”
Keywords: Bitcoin
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