South Korean prosecutors Do kwonand Terraform Labs ( TFL) in a Swiss bank billions of wonstated that he has
DigitalAssetAccording to a report by Terra, the person behind the Terra crisis Do Kwonof and of TFL He has billions of won assets in a Swiss bank. In addition, the SEC states that the names in question are the Swiss bank. 10k BTC to Sygnum he had conveyed. It was reported that some of these transferred BTCs were converted into cash.
South Korean Prosecutors Point to Do Kwon’s Presence
South Korean prosecutors, Terraform Labs ( TFL) and Terra founder Do Kwon, headquartered in Switzerland sygnumHe stated that he holds billions of won in his bank.
in February SEC, Do Kwon and TFL’s to Sygnum He announced that he transferred 10 thousand BTC . In addition, the SEC stated that these transferred BTCs were converted into cash for financing purposes and the other part was used in operation.
Financial and Securities Crimes Joint Investigation Unit in Seoul, LFGto and Do Kwon He underlined that they follow BTCs belonging to . In addition, prosecutors announced that some of the money was transferred to the account of the law firm Kim & Chang for attorneys’ fees.
These statements by South Korean prosecutors came in a press release in which 10 people were charged, including former TFL co-chair Shin Hyun-seong.
