South Korea Wants To Freeze $67M of Do Kwon's Funds Through Exchanges.

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South Korea Wants To Freeze $67M of Do Kwon's Funds Through Exchanges.

About $67 million in bitcoin associated with Terraform Labs' founder Do Kwon is the target of South Korea's efforts to freeze those funds. Recently, Interpol issued a red notice to locate and arrest Kwon for allegedly breaking South Korean financial rules. South Korean prosecutors approached KuCoin and OKX, two local cryptocurrency exchanges, to freeze about $67 million, worth of bitcoin associated with Do Kwon, the founder of Terraform Labs who has since disappeared. It has been alleged that Kwon's Luna Foundation Guard has wired the money to the event locations.
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