US court documents show the number of victims in Do Kwon's case could exceed one million

On January 7th, according to Cointelegraph, the US government prosecutor responsible for overseeing the criminal case of Do Kwon, co-founder of Terraform Labs, estimated that Do Kwon may have caused more than one million victims worldwide after the collapse of the Terra ecosystem. On January 6th, Daniel Gitner, acting US Attorney at the US Federal Court for the Southern District of New York, notified in documents filed with the court about the procedures for informing victims of Kwon of their rights in criminal cases. According to the US Attorney, the government will set up a website about the procedures for making the Kwon case public because other methods of providing rights guarantees for victims are "impractical".
"Given the sheer volume of Terraform cryptocurrency transactions and the manner in which they are conducted - many of which are conducted on foreign exchanges via digital asset wallets or cryptocurrency trading accounts with no personally identifiable information - it is difficult to quantify the number of Kwon victims precisely, but the government estimates that the number of victims in this case exceeds hundreds of thousands of individuals and entities, and could total more than a million," Gitner said.