According to Cointelegraph, prosecutors responsible for overseeing the criminal case of Do Kwon, co-founder of Terraform Labs, estimate that after the collapse of the Terra ecosystem, Do Kwon may have caused over one million victims worldwide. On January 6th, Daniel Gitner, the acting United States prosecutor for the Southern District of New York, notified the court of the procedure for informing Kwon's victims of their criminal case rights in a document submitted to the court. According to US prosecutors, the government will establish a website for the public procedure of the Kwon case because other methods of providing rights protection for victims are "unrealistic". Gitner said, "Given the huge number of transactions in Terraform cryptocurrency and the way these transactions are conducted (many of which are conducted through digital asset wallets or cryptocurrency trading accounts on foreign exchanges without personal identification information), although it is difficult to accurately quantify the number of Kwon's victims, the government estimates that the number of victims in this case exceeds hundreds of thousands of individuals and entities, and may total over one million Previously, Kwon was expected to appear in court again on January 8th to respond to the lawsuit.
