Earlier this week, Interpol issued a Red Notice to Terra founder Do Kwon on request from South Korean prosecutors. Curiously, the prosecutors additionally requested for freezing $67 million price of Bitcoins tied to the fugitive Terra founder. The prosecutors determined to freeze belongings after they discovered a path of funds linked to Do Kwon.
Nevertheless, the Luna Basis Guard, a Bitcoin reserve related to Do Kwon stated that denied shifting any tokens since Might 22. The tweet from LFG reads:
The LFG treasury’s $BTC pockets is: bc1q9d4ywgfnd8h43da5tpcxcn6ajv590cg6d3tg6axemvljvt2k76zs50tv4q. LFG hasn’t created any new wallets or moved $BTC or different tokens held by LFG since Might 2022.
As per the south Korean prosecutors, they’ve a confirmed report that 3,313 Bitcoins — price about $67 million have been moved to crypto exchanges KuCoin and OKX from wallets linked to Kwon’s Luna Basis Guard. These two exchanges haven’t responded to the matter but.
Additionally, as per a crypto market researcher, a brand new pockets deal with believed to belong to LFG was created on September 15. Submit that, the pockets moved the 3313 Bitcoins to the 2 exchanges. In an emailed assertion to Bloomberg, the researcher said:
“CryptoQuant specified new Bitcoin addresses owned by LFG primarily based on transaction patterns, adjoining flows and materials private info”.
Do Kwon Says He’s Not On the Run
Interpol has been in search of the situation of the Terra founder, nonetheless, Do Kwon stays completely calm and has been responding to Twitter messages. Earlier on Monday, the Terra founder stated that he’s “making zero effort to cover,” including “I am going on walks and malls.”
The implosion of the Terra ecosystem earlier this 12 months led to the erosion of greater than $60 billion in traders’ funds. Since then, regulators throughout the globe, and particularly in South Korea, have been preserving an in depth watch on the motion of Do Kwon.
Till earlier this month, Do Kwon was reportedly in Singapore. Nevertheless, the Singapore police have confirmed that the Terra founder is not any extra within the metropolis. Though Kwon has promised to cooperate with the investigative businesses, his location stays unknown.
The introduced content material could embody the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability on your private monetary loss.