South Korea Reportedly Freezes Do Kwon's Crypto Worth $40M — Luna Founder Says the Funds Are Not His – Regulation Bitcoin News

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South Korea Reportedly Freezes Do Kwon's Crypto Worth $40M — Luna Founder Says the Funds Are Not His – Regulation Bitcoin News
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South Korea has reportedly frozen $40 million in crypto, including bitcoin, belonging Do Kwon. The Luna founder said the frozen funds are not his. $BTC luna terra

The coins were frozen at cryptocurrency exchanges Kucoin and Okx, the publication noted, adding that the two trading platforms have agreed to freeze Kwon’s crypto at the request of the prosecution.last month that they were seeking to freeze 3,313 bitcoins tied to Kwon that were transferred to Kucoin and Okx from a wallet allegedly linked to Luna Foundation Guard .

However, the organization denied the allegation, insisting that it “hasn’t created any new wallets or movedFollowing the news of the prosecutors freezing $39.66 million in crypto belonging to him, Kwon took to Twitter to deny that the frozen funds are his. “I don’t get the motivation behind spreading this falsehood – muscle flexing? But to what end?” the Luna founderOnce again, I don’t even use Kucoin and Okex, have no time to trade, no funds have been frozen.

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