According to the news in Korean media outlet News1, prosecutors in South Korea froze the crypto assets of Terra founder Do Kwon.
It was stated that Do Kwon, who was responsible for the Terra crisis, was not in the country after a press verification by the Singapore Police Force. Following Singapore’s verification, South Korea contacted Interpol for Kwon, which it sought intensely. Interpol received a positive response to South Korea’s request.
Making statements about the freezing of his accounts later, Do Kwon said that his assets were not frozen.
Prosecutors in South Korea have frozen $39.66 million in crypto holdings belonging to Do Kwon, CEO of Terraform Labs, the firm behind the collapsing Luna stablecoin project, according to a new report.
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