Latest reports reveal that South Korea is planning to freeze Terra co-founder Do Kwon’s Bitcoins and assets for breaking securities laws.
South Korean prosecutors have requested crypto exchanges KuCoin and OKX to freeze a total of 3,313 Bitcoins (worth roughly $67 million) that had been switched to other places from wallets linked to Kwon’s Luna Foundation Guard (LFG). Note that Kwon’s LFG was just created on September 15.
A prosecutor has confirmed the story, however, has declined to comment on the same.
Researcher CryptoQuant stated new Bitcoin addresses owned by LFG were based on transaction patterns, adjacent flows and material non-public information.
As troubles continue to grow for Do Kwon, on Monday, boldly tweeted out saying that he’s making zero effort to hide, and added “I go on walks and malls”, without revealing his current location. He concluded, “no way none of CT hasn’t run into me the past couple weeks.”
Also Read: S Korea Confirms Interpol’s Red Notice Against Terra’s Do Kwon
