US Prosecutors Estimate Over 1 Million Victims in 'Terra' Kwon Do-hyung Case

US prosecutors have claimed that the number of victims from the collapse of the virtual assets 'Terra·Luna' is estimated to exceed 1 million.

According to Cointelegraph on the 7th, US prosecutors stated in a document submitted to the New York Southern District Court on the 6th (local time) that "considering the nature of virtual assets, it is difficult to determine the exact number of victims, but it is estimated that the number of victims of the (Terra·Luna collapse) incident reaches hundreds of thousands and potentially exceeds 1 million."

Meanwhile, Kwon Do-hyung, the founder of Terraform Labs and a key figure in the Terra·Luna collapse incident, was extradited to the United States from Montenegro on the 31st of last month. He appeared in a US court on the 2nd of this month, claiming innocence on various charges, including fraud.