S.Korea Orders Exchanges To Freeze 3313 BTC Linked To Do Kwon

LFG Transferred $69M Worth of Bitcoins After Do Kwon’s Arrest Warrant

According to a CoinDesk Korea report, Luna Foundation Guard created a wallet on Binance shortly after South Korea issued an arrest warrant against Do Kwon on 14th Spet.

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The newly created wallet then transferred 3313 BTC to Kucoin and OKX wallets.

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According to the report, transactions worth 1354 BTC were made to Kucoin for 3 consecutive days.

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OKX exchange also received $39M worth of BTC from LFG’s Binance wallet.

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S.Korean prosecutors reached out to both exchanges to freeze the bitcoins connected with fugitive Do Kwon.

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OKX and Kukoin both have complied with the authorities' request and blocked the relevant fund.

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Do Kwon had earlier said that he is not making any attempt to hide despite an international arrest warrant out against him.

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