Buy $GGsBreaking: Do Kwon Linked 3,313 Bitcoin To Be Seized? S. Korea Deepens Probe
Trouble for Do Kwon, Terra co-founder seems to be increasing after Interpol issued Red Notice against him. In the latest hit, South Korean authorities have moved on to deepen their probe against the alleged crypto fugitive.
Do Kwon to lose his Bitcoins?
According to reports, South Korean prosecutors are moving ahead to freeze digital assets linked to crypto fugitive Do Kwon. However, the authority is seeking to arrest Terra Chief on the suspicion of breaking securities laws.
The South Korean authority has requested crypto exchanges KuCoin and OKX to seize around 3,313 Bitcoin linked to Do Kwon. The estimated amount of Bitcoins under consideration stands at $66.9 million.
The report states that these Bitcoins were moved from various sources to a wallet named Luna Foundation Guard (LFG). A Seoul Southern District official declined to disclose the plan ahead. However, KuCoin and OKX officials refused to comment on the matter for now.
3,313 Bitcoins were sent from the LFG to different crypto exchanges soon after South Korea issued an arrest warrant against Do Kwon.
Terra head running from the probe?
Earlier, Coingape reported that a crypto fugitive Do Kwon recently issued his take over the Interpol launched probe against him.
Terra Chief in a Twitter interaction mentioned that he has made negligible effort to hide. While he added that he is going on walks and to malls. However, no one has approached him over the past weeks. Do Kwon added that he tried to search the red notice on Interpol’s website.
However, this is the first time in the last four months that Seoul Southern District Prosecutor and Securities Crimes Joint Investigation Team took a step to seize Do Kwon’s digital assets.
Do Kwon has been on the run after the historic crypto Wipeout. Terra’s stablecoin USTC and native token LUNA collapsed to ashes. This caused damage of around $62 billion to the global crypto market.
Play 10,000+ Casino Games at BC Game with Ease
- Instant Deposits And Withdrawals
- Crypto Casino And Sports Betting
- Exclusive Bonuses And Rewards
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Peter Brandt Flips Bullish, Predicts Bitcoin Rally As Price Holds Above $70k
- XRP News: Institutional Use Case Expands as Doppler Finance Integrates WXRP for Multi-Chain Access
- Trump Tariffs: Bitcoin Faces Fresh Headwinds as 15% Global Tariffs Begin This Week Amid Iran War
- Bitget Unveils ‘Crypto Anti-Bias Pledge’ To Support Women’s Inclusion In Crypto
- U.S.-Iran War: Crypto Market Rebounds as Iran Reportedly Reaches Out To U.S. To End Conflict
- XRP Price Prediction as Iran-U.S. Peace Talks Trigger a Crypto Rally
- COIN Stock Analysis as Bitcoin Retests $72k Ahead of February NFP Data
- Robinhood Stock Price Prediction As Cathie Wood Buys $12M Dip in Bold ARK Move
- Bitcoin Price At Risk? Professor Who Predicted US-Iran War Says America Could Lose
- Gold Price Prediction March 2026: Rally, Crash, or Record Highs?
- RIOT Stock Prediction as Needham, Piper Sandler Slash Target After Earnings
