US Prosecutors Estimate Over 1 Million Victims in Do Kwon Crypto Fraud Case
U.S. prosecutors estimate that former Terraform Labs co-founder Do Kwon may have harmed more than one million victims through alleged fraudulent activities related to the Terra cryptocurrency ecosystem.
This staggering figure has become a focal point of the ongoing criminal case against Kwon, shedding light on the extensive impact of the Terra collapse and the resulting financial devastation.
Acting U.S. Attorney Daniel Gitner, speaking at a recent court session in New York, highlighted the immense challenge of quantifying those affected. “While it is difficult to precisely quantify the number of Kwon’s victims in light of the sheer number of purchases and sales of Terraform’s cryptocurrencies and the manner of those…
