Terraform CEO Do Kwon Debunks $39. 6 Million Crypto Freeze. Summary:.
07 Oct 2022, 08:00
Terraform CEO Do Kwon Debunks $39.6 Million Crypto Freeze
Summary:
Terra chief Do Kwon says he doesn’t trade crypto and none of his funds were frozen by South Korean prosecutors.Authorities confiscated some of Kwon’s crypto holdings worth $39.6 million, CoinDesk reported on Wednesday citing local Korean media.Previous reports also claimed that investigators froze 3,313 Bitcoin on KuCoin and OKX.Kwon is a wanted individual after Interpol issued a red notice for his arrest.Do Kwon took to social network Twitter on Wednesday to refute allegations regarding a freeze on crypto assets worth millions. Kwon tweeted in response to a CoinDesk report and said he has “no time to trade, no funds have been frozen. I don’t know whose funds they’ve frozen”.
The tweet was in response to a CoinDesk report which claimed that prosecutors investigating the $40 billion Terra tumble and Kwon’s involvement in the crash froze crypto assets belonging to the Terra CEO himself. CoinDesk cited local news house New1 as the source.