Foreign media: A wallet suspected to belong to Do Kwon has conducted over $7 million in transactions in the past few days and currently holds over $22 million in USDC

ChainCatcher news, according to DL News citing South Korean scholar Jaewoo Cho, a crypto wallet address suspected to be linked to Do Kwon (0xda44200196cfb3416bf011eed608f354804337ba) has conducted over $7 million in transactions in the past few days, marking the first activity since Do Kwon's arrest on March 23.

It is reported that the wallet was created in March 2022 and currently holds over $22 million in the stablecoin USDC.

In the past few days, the wallet has exchanged over $6.5 million in crypto assets for USDC using Uniswap and Curve. Last Sunday, 500,000 USDC was sent to an intermediary wallet, which then transferred 450,000 USDC to a wallet created in September 2021. (Source link)