South Korea Moves to Freeze Bitcoin Tied to Do Kwon
- Prosecutors have moved to freeze about $67 million of Bitcoin
- Kwon says on Twitter he’s ‘making zero effort to hide’
Do Kwon
Photographer: Woohae Cho/BloombergThis article is for subscribers only.
South Korean prosecutors are moving to freeze assets linked to Do Kwon, the crypto entrepreneur they are seeking to arrest on suspicion of breaking securities laws.
Prosecutors sent requests to crypto exchanges KuCoin and OKX to freeze a total of 3,313 Bitcoins, worth about $67 million at current prices, that had been moved to the venues from a wallet linked to Kwon’s Luna Foundation Guard, CoinDesk reported on Tuesday. An official at the Seoul Southern District Prosecutors’ Office confirmed the CoinDesk story while declining to comment further.