© Reuters
Investing.com – Already a few months ago, regulators in South Korea and the United States decided to investigate the blockchain meltdown together. Terra founder Do Kwon could certainly help clear up any outstanding issues from the authorities, but he moved to Singapore immediately after the fiasco.
The South Korean Procuratorate has issued an arrest warrant for Do Kwon, as it considers that there have been proven violations of securities law. While Singapore has made it known that Do Kwon is no longer on its territory, South Korea has asked for help from Interpol.
Shortly after Interpol issued an international arrest warrant for Do Kwon, it appears the Terra founder transferred 3,313 BTC worth over $66 million to two cryptocurrency wallets, as reported. reported CoinDesk Korea:
“The Luna Foundation Guard (LFG) wallet was created on September 15 on Binance, the largest virtual asset exchange in the world. From there, a transfer of 3313 BTC took place to the wallets of Kucoin and OKX” .
Do Kwon, who claims on Twitter (NYSE:) that he is not on the run, does not seem to have any ambition to voluntarily surrender to authorities.
By Marco Oehrl