Prosecutors overseeing Do Kwon’s criminal case estimate that the Terraform Labs’ co-founder may have over a million victims globally post-ecosystem collapse. The US government plans to inform victims of their rights through a dedicated website due to the impracticality of other methods. Kwon, facing nine fraud-related felony charges, was extradited from Montenegro and pleaded not guilty. The collapse of the Terra ecosystem in 2022 contributed to a crypto market downturn, leading to bankruptcies. Kwon, arrested in Montenegro in 2023, will be tried alongside other crypto executives. In a civil case, Kwon and Terraform agreed to pay $4.5 billion for fraud. The legal process is ongoing, with uncertainties regarding a plea deal or trial. Stay informed on evolving crypto laws for informed decisions in your ventures. Read more AI-generated news on: https://app.chaingpt.org/news