Do Kwon, the now infamous founder of the Terra (LUNA) network and the big man at Terraform Labs, is wanted by Interpol and the South Korean police. He says he is not on the run, but it is at least interesting that he is nevertheless on the international wanted list. Shortly after this arrest warrant was published, Do Kwon made a suspect bitcoin (BTC) transaction of 3,313 BTC.
Suspicious bitcoin transactions
Given the current price of bitcoin at the time of writing, this means that the amount going to KuCoin and OKX wallets was worth approximately $66.65 million. The transfers were made from a Luna Foundation Guard (LFG) wallet created on September 15, a day after the arrest warrant was issued against Do Kwon for violating securities laws, which reports CoinDesk Korea.
“The Luna Foundation Guard (LFG) virtual asset wallet was suddenly created on September 15th on Binance, the world’s largest virtual asset exchange. Approximately 3,313 BTC was transferred to Kucoin and OKX wallets.”
Freezing funds
Authorities in South Korea, the country of Do Kwon’s origin, have also taken steps to freeze all funds linked to the Terra founder. KuCoin and OKX, among others, have since received notice from the relevant authorities.
In fact, KuCoin has already complied with the requests. They have now locked up 1,354 of the transferred BTC. OKX indicated that they were unable to freeze the funds, probably because the crypto coins had already been moved to another crypto exchange, which reports Bloomberg.
Do Kwon denies everything
Despite all the fuss and the arrest warrant, Do Kwon stated on Twitter that he is not on the run at all. He states that he still just goes for walks and can even be found in the shopping center with some regularity. According to Do Kwon, the notion that he would be on the run is nonsense. Interpol probably thinks otherwise.
Yeah as i said im making zero effort to hide
I go on walks and malls, no way none of CT hasnt run into me the past couple weeks
— Do Kwon 🌕 (@stablekwon) September 26, 2022
