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Two cryptocurrency exchange platforms have reportedly been asked by South Korean authorities to freeze tens of millions of dollars worth of Bitcoin (BTC) tied to Terra (LUNA) founder Do Kwon.
according to the new report South Korean prosecutors have frozen 3,313 BTC linked to cryptocurrency wallets linked to Kwon’s Luna Foundation Guard (LFG), worth approximately $67 million at the time of writing against KuCoin and OKX cryptocurrency exchanges, according to Bloomberg. I am asking you to
Citing analyst CryptoQuant, South Korean officials say the wallet was created on Sept. 15.
CryptoQuant has identified new Bitcoin addresses owned by LFG based on transaction patterns, adjacent flows, and significant non-public information.
Neither KuCoin nor OKX (previously known as OKEX) were able to comment on the matter, but officials from the public prosecutor’s office confirmed the request, according to the report.
Earlier this month, officials investigating Kwon asked Interpol to issue a red notice to Kwon, declaring him missing.
On September 14, a South Korean court issued an arrest warrant for Kwon for allegedly violating the country’s financial laws.
Recently, Kwon Said His one million Twitter followers show he’s not hiding from the police or Interpol.
Yeah, like I said, Im not making any effort to hide.
However, Kwon’s whereabouts after leaving Singapore are unknown, according to the report.
In May, stablecoin issuer Terra filed for bankruptcy after algorithmic stablecoins were de-pegged from the dollar, plunging around $60 billion from the market.
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