Two crypto exchange platforms are reportedly being asked by South Korean authorities to Bitcoin (BTC) freeze worth tens of millions of dollars tied to Terra (LUNA) founder Do Kwon.
According to a new report by Bloomberg, South Korean prosecutors are asking crypto exchanges KuCoin and OKX to freeze 3,313 BTC linked to a crypto wallet linked to about $67 million worth of Kwon’s Luna Foundation Guard (LFG). the time of writing this article.
Citing analyst CryptoQuant, South Korean officials say the wallet was created on September 15.
“CryptoQuant specified new bitcoin addresses owned by LFG based on transaction patterns, adjacent flows and material non-public information.”
According to the report, a prosecutor’s office official confirmed the request, although neither KuCoin nor OKX, formerly known as OKEX, were available to comment on the matter.
Earlier this month, officers investigating Kwon asked Interpol to post a red note on Kwon announcing that his whereabouts were unknown.
On September 14, a South Korean court issued an arrest warrant for Kwon for alleged violations of the country’s financial laws.
Recently, Kwon told his one million Twitter followers that he was not hiding from either the police or Interpol.
“Yeah, like I said, I don’t bother to hide. I go for walks and malls, no way I haven’t encountered crypto twitter in the past few weeks.
However, Kwon’s whereabouts are unknown after he left Singapore, according to the report.
In May it broke stablecoinissuer Terra after its algorithmic stablecoin depegged from the dollar, wiping about $60 billion from the market.
Featured image: Shutterstock/maximmmum
Source: Crypto News Deutsch