South Korean prosecutor More than 1,500 million baht of Do Kwon’s crypto assets have been frozen. “That’s not my money.”

South Korean prosecutor It has frozen about $40 million worth of crypto assets owned by Terra CEO Do Kwon. according to reportsof local media

According to reports on 5, the Joint Financial Crime Investigation Team of the Southern District Prosecutor of Seoul (Director Dan Seong-han) seized assets worth 56.2 billion won on the 27th of last month. 38.8 billion won already seized Of the 95 billion won assets that Do Kwon was trying to conceal.

The freeze reportedly occurred as a result of the cooperation of two exchanges that Do Kwon attempted to hide their assets.

The founder of Terra responded to the latest allegations and tweeted:

“I don’t understand the motivation behind this spread of falsehood. I haven’t used Kucoin and OKEx at all and no money has been withheld. I don’t know whose money they withheld, but it would be good for them. Hopefully they will use it well.”

In late September, it was reported that the Luna Foundation Guard [LFG] Over 3,313 Bitcoins worth $69 million were transferred to two crypto exchanges operating outside of South Korea.

It was also revealed that South Korean prosecutors were able to withhold some Bitcoin, finding that LFG had created a wallet on Binance abruptly on Sept. 15, after which 3,313 BTC was transferred to both the Kucoin and OKX wallets. Guard and Do Kwon also denied the transfer of funds. and opposing the allegations of other prosecutors.

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The post South Korean Prosecutor More than 1,500 million baht of Do Kwon’s crypto assets have been frozen. “That’s Not My Money” appeared first on Bitcoin Addict.


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