Report: Korean authorities orders freeze of $67M of Bitcoin tied to Do Kwon

Cointelegraph

Published Sep 27, 2022 09:34AM ET

Updated Sep 27, 2022 11:20AM ET

South Korean authorities have requested crypto exchange OKX and Kucoin to freeze 3,313 Bitcoin (BTC) reportedly tied to Do Kwon, the co-founder of Terra blockchain developer Terraform Labs.

Kwon, who is currently on the run from the Korean authorities in the securities violation case, reportedly created a new wallet on Sept. 15, just a day after a Korean court issued an arrest warrant against the fugitive crypto founder.

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