Do Kwon and others still hold 13 million dollars in a Swiss bank, and South Korean prosecutors are trying to freeze it

ChainCatcher news, South Korean prosecutors are attempting to freeze $13 million in funds held by a Swiss bank related to Terraform Labs co-founder Do Kwon. Since Do Kwon's arrest in late March, tens of millions of dollars have been transferred from entities associated with the Terra project.

Dan Sunghan, head of the Financial Crimes Investigation Bureau of the Seoul District Court, stated in an interview that $29 million worth of cryptocurrency was likely transferred by Do Kwon himself or under his direction. Do Kwon and his colleagues still hold over $13 million in funds at the Swiss Sygnum Bank, and South Korean prosecutors are trying to freeze these funds. (Source link)