Do Kwon denied in the middle of the tornado when it was reported on September 27 that about 3,313 BTC had suddenly been transferred from Do Kwon to two foreign cryptocurrency exchanges, OKX and KuCoin. Terra CEO insists all information being spread is untrue.
The incident broke out as CoinDesk Korea reported on September 27 that around 3,313 BTC were unexpectedly transferred from Do Kwon to two foreign crypto exchanges.
In addition, authorities in South Korea ordered crypto exchanges OKX and KuCoin to freeze about 3,313 BTC, worth about $67 million, tied to Do Kwon.
CoinDesk Korea also revealed that KuCoin had frozen 1,354 BTC of transferred assets, while OKX denied the request because the remaining 1,959 BTC may have been transferred to another exchange.
However, today Terraform Labs founder and CEO Do Kwon denied his involvement in the alleged transfer of funds from Luna Foundation Guard Ltd. for crypto exchange OKX and KuCoin.
According to him, false information is being spread, there is no withdrawal action as alleged, he has not used Kucoin or OKex for at least last year and no funds of TFL (Terraform Labs) ), LFG (Luna Foundation Guard) or any other entity has been frozen.
However, Do Kwon’s denial was not accompanied by any convincing evidence. In addition, he also received accusations of running away, failing to cooperate with the investigative agencies of Korean prosecutors, causing them to seek help “red notice” from Interpol. These allegations are also in stark contrast to the assertions on his Twitter account.
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