Do Kwon denies involvement in $39.6 million frozen by author | Crypto_NFT
Do Kwon denies involvement in $39.6 million frozen by authorities
Terraform Labs (TFL) CEO Do Kwon has denied reports of his involvement with $39.6 million in cryptocurrencies blocked by South Korean prosecutors.
On October 5, the Korean edition of News1 spread information about the freezing of 56.2 billion won, allegedly belonging to Do Kwon, by the authorities.
“I don’t understand the purpose of spreading this lie – kneading muscles? But for what purpose? Once again, I don't use KuCoin and OKEx, I don't have time to trade. […] I don’t know what these funds are,” he explained.
News1 reported that these platforms have frozen 3,313 BTC associated with the Luna Foundation Guard (LFG) at the request of the authorities. The organization and Do Kwon denied the latter.
Earlier, the media reported on the movement of 3313 BTC from the LFG wallet on Binance to the KuCoin and OKX platforms from September 15 to 18.
Recall that in September, a South Korean court issued an arrest warrant for the head of the company, Do Kwon, and five other people. According to media reports, the prosecutor's office appealed to the Foreign Ministry with a request to cancel their passports.
On September 17, Do Kwon stated that he was not "on the run" and was cooperating with law enforcement. He stressed that he was not going to disclose his location to strangers.
On September 19, the Financial Times reported that the South Korean authorities had submitted a request to Interpol for a "red notice" for the head of the TFL. Later, information appeared in the media that the request was granted.
