Number of Do Kwon’s victims could exceed one million — court filing
The Terraform Labs co-founder is in US custody after pleading not guilty to nine felony charges related to fraud at the platform.
Prosecutors with the United States government overseeing Do Kwon’s criminal case have estimated that the Terraform Labs’ co-founder could potentially have more than one million victims across the world after the collapse of the ecosystem.
In a Jan. 6 filing in the US District Court for the Southern District of New York, Acting US Attorney Daniel Gitner notified the court of the procedures to inform Kwon’s victims of their rights in his criminal case.
According to the US Attorney, the government would set up a website about public proceedings in Kwon’s case as other methods for affording victims their rights were “impracticable.”
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Author: Turner Wright
