Big in May 2022 Terra-LUNA Disappeared from partnership after collapse Terra founder Do Kwon was arrested in Montenegro last March.
Do Kwon, who was charged with using forged documents in Montenegro after his arrest, applied for bail.
Do Kwon, whose bail request was approved by the court, has allegedly moved millions of dollars worth of cryptocurrencies since his arrest.
Speaking to Bloomberg News Dan Sunghan, Director of the Seoul Southern District Attorney’s Office, He said that $29 million worth of cryptocurrencies were probably carried by Kwon personally or on his orders.
Sunghan, founder of Terra terra He stated that they think he has transferred millions worth of cryptocurrencies through a shell company or fake company affiliated with the company.
“We assume that since Terra founder Do Kwon or someone under his direction was arrested in Montenegro, he took millions of dollars worth of cryptocurrencies and transferred it to another wallet and cashed it somewhere else, not Sygnum Bank.”
Sunghan also said that South Korean prosecutors had an affiliation with the Luna Foundation Guard. cryptocurrency He also said that they followed this wallet to find out where the assets transferred from his wallet were.
The South Korean official recently concluded that the ongoing investigations of the Swiss bank of Do Kwon and Terra-linked organizations Sygnum Bank’He stated that he found out that he still had 13 million dollars.
As it will be remembered, in April, Do Kwon converted nearly $100 million worth of cryptocurrencies from Sygnum into cash.
*Not investment advice.
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