crashing in May of 2022 Terra-LUNA ecosystem caused investors to suffer huge losses.
After this collapse Terraform co-founder Do Kwon He escaped for a long time but was captured in Montenegro in March 2023.
Do Kwon, who appeared before a judge in Montenegro recently, was released on bail of 400,000 Euros ($436,000).
Prosecutors objected to this decision, and Do Kwon began withdrawing cryptocurrencies pending a final decision from a higher court on bail.
$400,000 worth of wallets reportedly managed by Terra CEO Do Kwon, South Korea’s local media outlet KBS News reported. stablecoin and worth $150,000 Terra Classic (LUNC) withdrew.
Also directed by Do Kwon Ethereum (ETH) $ 1.6 million worth of stablecoins were also withdrawn from his wallet.
Do Kwon is worth a total of 2.86 billion won ($2.15 million) before bail decision cryptocurrency did the shoot.
Terraform Labs, which was co-founded by Do Kwon and Daniel Shin, also recently announced 1.8 million dollars worth of approximately $8.7 million. Convex Finance (CVX) had transferred his token to another wallet.
Starting the day with a fall LUNC It continues to trade at $0.00009132 at the time of writing, with a decrease of about 2%.
*Not investment advice.
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