Do Kwon Refutes Allegations That South Korean Prosecutors Had Frozen $39.6 Million Of His Cryptocurrency

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Last Updated on October 6, 2022 by Bitfinsider

Do Kwon, the CEO of Terraform, rejected media reports that South Korean prosecutors had frozen 56.2 billion won ($39.6 million) of his cryptocurrency assets. Do Kwon‘s failed stablecoin project shook markets earlier this year.

Source: Twitter

It was revealed last month that South Korean officials had requested that 3,313 bitcoin (BTC), worth almost $67 million, that are connected to Kwon be frozen by the cryptocurrency exchanges OKX and KuCoin. Additionally in September, it was┬ápreviously┬áreported that Kwon had received a “red notice” from Interpol, a global body that organizes searches for criminals. A red notice directs law enforcement agencies around the world to locate and detain a wanted person. At the time of writing,┬áKwon hasn’t been found yet.

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