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January 7, 2025

U.S. Government Aims for Public Notification for 1 Million Victims in Do Kwon Case

U.S. prosecutors estimate that Do Kwon, co-founder of Terraform Labs, may have committed fraud against over one million global victims. Consequently, the government is initiating a public notice procedure under the Justice for All Act to ensure that affected parties are informed of their rights. This move underscores the seriousness of the case and the government’s commitment to addressing the fallout from Kwon’s alleged actions. As developments unfold, numerous stakeholders await the outcome and potential implications for the broader crypto industry.

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