Do Kwon has denied that his cryptocurrency funds have been frozen after insisting that he wasn’t on the run
Terra Founder do kwon He has denied an attempt to cash millions worth of bitcoins after a South Korean court issued an arrest warrant against him.
In a tweet, Kwon slammed media outlets for spreading “misinformation” about him.
As reported by U.Today, South Korean authorities asked KuCoin and OKX, two major cryptocurrency exchanges, to block 3,313 bitcoins (about $61.9 million at press time). The former reportedly agreed to block about $27 million worth of bitcoin, but the latter were reportedly reluctant to cooperate with the authorities.
Kwon allegedly created a new wallet for the Luna Foundation Guard, a non-profit behind Terra, shortly after being slapped with the arrest warrant.
This shocked the crypto community as LFG used all these funds in an unsuccessful attempt to protect the peg of the failed TeraUSD stablecoin.
In the tweet, Kwon insists that he hasn’t used either KuCoin or OKX in nearly a year. He insists that no funds from LFG or any other entity have been blocked by the South Korean authorities.
as Reported by U.TodayInterpol reportedly issued a red notice to Kwon, who is accused of violating South Korea’s capital-markets law.
However, the controversial South Korean entrepreneur continues to deny that he is on the run. In a recent series of tweets, Kwon claimed that he was making “zero effort” to hide amid growing speculation about his whereabouts.
