New court documents suggest that the Terra ecosystem collapse in 2022 may have affected over 1 million victims due to the alleged fraudulent activities of Terraform Labs founder Do Kwon. The collapse left a $40 billion black hole, impacting investors who used Terra for decentralized finance.

US prosecutors overseeing the criminal case against Do Kwon, co-founder of Terraform Labs, estimate that over one million individuals could have been affected by the ecosystem’s collapse.

Court documents allege that Do Kwon's crypto ecosystem Terra may have affected over a million victims when UST and LUNA collapsed in 2022.

U.S. prosecutors estimate that the total number of victims in the TerraUSD collapse may exceed one million. Terraform Labs co-founder Do Kwon was extradited to