South Korea Freezes $39.6M in Crypto Belonging to Terraform’s Do Kwon

Prosecutors in South Korea have frozen $39.66 million of cryptocurrency assets belonging to Kwon Do-hyung, more commonly known as Do Kwon, the CEO of Terraform Labs, the firm behind the failed Luna stablecoin project.

Last month authorities in South Korea requested crypto exchanges OKX and KuCoin to freeze some 3,313 bitcoin (BTC), worth around $67 million, linked to Do Kwon.

Racently, Interpol issued a Red Notice for Do Kwon, a request to law enforcement worldwide to locate and provisionally arrest a person pending extradition, surrender or similar legal action.

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