1 year ago
South Korean prosecutors are seeking to frost 3,313 bitcoins astatine 2 cryptocurrency exchanges allegedly tied to luna laminitis Do Kwon. The coins were moved soon aft a South Korean tribunal issued an apprehension warrant for the Terraform Labs co-founder. Luna Foundation Guard has denied transferring the coins.
Korean Authorities Ask Crypto Exchanges to Freeze Bitcoin
South Korean authorities person reportedly asked cryptocurrency exchanges Kucoin and Okx to frost 3,313 bitcoins allegedly tied to Terraform Labs co-founder Kwon Do-hyung, besides known arsenic Do Kwon. The coins were transferred to the trading platforms soon aft a warrant was issued for Kwon’s apprehension successful South Korea.
On Tuesday, an authoritative astatine the Seoul Southern District Prosecutors’ Office confirmed to Bloomberg that requests person been sent to the 2 cryptocurrency exchanges to frost the 3,313 BTC.
The coins were transferred to the trading platforms from a wallet allegedly linked to Luna Foundation Guard (LFG) that was created connected Sept. 15, according to crypto researcher Cryptoquant. The researcher told the publication:
Cryptoquant specified caller bitcoin addresses owned by LFG based connected transaction patterns, adjacent flows and worldly non-public information.
However, Luna Foundation Guard denied the allegation Tuesday evening. The radical tweeted its treasury’s bitcoin address, adding: “LFG hasn’t created immoderate caller wallets oregon moved BTC oregon different tokens held by LFG since May 2022.”
Do Kwon Says: ‘I’m Making Zero Effort to Hide’
The luna founder’s whereabouts are presently unknown. He was believed to beryllium successful Singapore but the Singapore constabulary unit said earlier this period that helium is presently not successful the city-state. Kwon has maintained that helium is not “on the run,” tweeting Monday:
I’m making zero effort to hide. I spell connected walks and malls.
A South Korean tribunal issued an arrest warrant for Kwon connected Sept. 14. He is accused of fraud aft the illness of the cryptocurrency luna (now called luna classical (LUNC)) and stablecoin terrausd (UST). In addition, the country’s ministry of overseas affairs is reportedly readying to revoke his passport.
Moreover, Interpol has issued a Red Notice for the Terraform Labs co-founder. “A Red Notice is simply a petition to instrumentality enforcement worldwide to find and provisionally apprehension a idiosyncratic pending extradition, surrender, oregon akin ineligible action,” Interpol’s website details, adding that “Red Notices are issued for fugitives wanted either for prosecution oregon to service a sentence.”
Do you deliberation Do Kwon transferred 3,313 bitcoins aft his apprehension warrant was issued? And, bash you deliberation Korean authorities should beryllium capable to frost crypto astatine exchanges? Let america cognize successful the comments conception below.
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