Korean media: Do Kwon's personal wallet transferred 18.73 million USDC on July 3

ChainCatcher news, Terraform Labs CEO Do Kwon's personal Ethereum wallet address transferred all 18.73 million USDC it held to an anonymous address on July 3. This anonymous address is suspected to have been created recently. From July 3 to 5, this anonymous address exchanged these 18.73 million USDC for other tokens such as WBTC, ETH, stETH, and DAI through DEXs like Uniswap. Currently, this address still holds 2.01 million USDC and 923 stETH, while the remaining assets have been sent to another anonymous wallet address and other DeFi projects. Industry insiders believe that this indicates that an unarrested accomplice of Do Kwon seems to be attempting to cash out on a large scale.

Previous report, the LFG wallet held by Do Kwon transferred 5,292 BTC to a new address on July 3. (Source link)