3313 BTC associated with Luna Foundation Guard
Shortly after the request of the South Korean authorities to search and arrest CEO TerRaform Labs, 3313 BTCs associated with Luna Foundation Guard (LFG) were set up to Kvon. This is written by Coindesk Korea, citing Cryptoquant data.
According to the publication, the funds were transferred from the LFG wallet to Binance to the Kucoin and OKX platforms from September 15 to 18.
On the request of the South Korean authorities, the Kucoin exchange froze 1354 BTC. OKX ignored the request of law enforcement officers.
Kwon recently said that he was not making any efforts to hide from the authorities.
In May 2022, Terra ecosystem collapsed, which had serious consequences for the digital asset market. In an attempt to save from impairment, the algorithmic stabelcoin UST Non -profit organization Luna Foundation Guard devastated the reserve fund.
Terra collapse influenced the solvency of large industry players: the Celsius cryptolending platform was one of the largest UST holders, and the Three Arrows Capital hedge fund invested about $ 200 million in the framework.
The situation around the project attracted the attention of South Korea regulators. TFL and the prosecutor’s office of the Southern District Seoul became interested in.
In June 2022, investors accused TerRaform Labs (TFL) and Kwon personally in false statements regarding UST stability.
In the same month, the company said that he did not consider himself a fraudster. He also denied the accusation https://gagarin.news/news/top-5-ido-launchpads/ of $ 2.7 billion from the Terra ecosystem before its collapse.
In July, the prosecutor’s office of the Southern District Seoul conducted searches in the house of the co -founder of TFL Daniel Shin and the office of the early investor of Dunamu & Partners.
In September, the Prosecutor’s Office of the Southern District Seoul turned to the Foreign Ministry with a request to cancel the passports of five people associated with TerRaform Labs.
Recall, according to Bloomberg, Interpol issued a “red notification” about the detention to Kvon.
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