After he was released on bail by a court in Montenegro, is reported to be the co-founder of Terra Do Kwon removed digital assets worth About 2.8 billion won ($2.15 million), according to several reports from South Korea media agencies.
KBS News reported on May 18 that Do Kwon reportedly earned $400,000 worth of stablecoins and $150,000 worth of Terra Classic (LUNC) tokens from wallets believed to be under his control.
Do Kwon and former CFO Han Chang Joon have been released on Bonds by the Court of Montenegro on May 12, but they remain under house arrest During the passport forgery case and the next extradition process play out in court. that it worth Noting that cash Withdrawals occurred prior to the bail hearing.
prosecutor office in Montenegro challenged it in court decision to allow Kwon is released on bail due to fears he will flee. They say the bail amount is much less than assets We are worth.
spp in South Korea is seeking to freeze Do Kwon and the other defendants assets As his trial approaches. So far $175,000,000 worth of assets Luxury goods have been frozen. One of Do Kwon’s subordinates allegedly coordinated latest cash withdrawals.
Meanwhile, Tira creatorTerraform Labs, is largely complete token transfers.
They send 100 Convex Finance (CVX) tokens to a file unknown Wallet account and a large sum of $8.7 million in CVX tokens for the same address. CRV Convex Token (cvxCRV), valued at $26,500 of etherscan, remain in The wallet even if it no longer includes CVX tokens.
In addition, it was discovered that Do Kwon still had it millions of dollar in Swiss bank account. months later on the runHe was arrested in Montenegro is now seeking both South Korea and the United States for extradition.
At the same time, prosecutors in South Korea is looking into the Terra-LUNA situation and preparing for spp of Co-founder Daniel Chen.
