Subscribe to our Telegram channel

Do Kwon denies involvement in mysterious bitcoin withdrawal

3:15 pm, September 28, 2022

Terraform Labs founder Do Kwon published a post on Twitter denying allegations that he sent bitcoins from the Luna Foundation Guard Binance wallet to the balance of KuCoin and OKX crypto exchanges. The entrepreneur emphasized that he had not used the services of the platforms for over a year. Kwon said that a campaign was launched against him to discredit him.

The CEO of Terraform Labs emphasizes that the funds of Luna Foundation Guard and Terraform Labs have not been frozen. Earlier, the South Korean prosecutor’s office sent a request to KuCoin and OKX to block the developer’s assets worth $ 67 million after recording transactions from LFG wallets.

According to a representative of Luna Foundation Guard, the platform has not transferred bitcoins or any other crypto assets since the May collapse of Terra (LUNA). South Korean law enforcement agencies assume that the founder of Terraform Labs created a new wallet in LFG and allegedly transferred cryptocurrency to the balance of the above exchanges.

Earlier, Interpol issued a «red notice «against Do Kwon. He was believed to be living in Singapore, but local authorities denied this on September 17. Law enforcement agencies are actively searching for the developer, while he boasts on Twitter that he is not going to hide and is ready to cooperate with law enforcement officials. The founder and CEO of TerraformLabs is accused by the South Korean authorities of violating the country’s financial markets laws. The country’s authorities are currently considering revoking Kwon’s passport.

Subscribe to our Telegram channel

BTC

$76,198.18

2.07%

ETH

$2,839.55

7.58%

BNB

$599.20

2.64%

XRP

$0.55

3.64%

SOL

$194.12

4.79%

All courses
Subscribe to our
Telegram channel!
The latest news and reviews of the cryptocurrency markets of the last
day right in your messenger. We are waiting for you!
GO TO
Show more