Terra chief Attain Kwon says he doesn’t alternate crypto and none of his funds were frozen by South Korean prosecutors.Authorities confiscated some of Kwon’s crypto holdings rate $39.6 million, CoinDesk reported on Wednesday citing local Korean media.Old stories additionally claimed that investigators froze 3,313 Bitcoin on KuCoin and OKX.Kwon is a wanted particular person after Interpol issued a crimson notice for his arrest.
Attain Kwon took to social network Twitter on Wednesday to refute allegations relating to a freeze on crypto assets rate hundreds and hundreds. Kwon tweeted in accordance with a CoinDesk story and acknowledged he has “no time to alternate, no funds had been frozen. I don’t know whose funds they’ve frozen”.
The tweet became once in accordance with a CoinDesk story which claimed that prosecutors investigating the $40 billion Terra tumble and Kwon’s involvement in the rupture froze crypto assets belonging to the Terra CEO himself. CoinDesk cited local records rental New1 because the source.
Per the story, the most up to date Kwon crypto freeze featured digital assets rate $39.6 million.
I perform no longer salvage the inducement dull spreading this falsehood – muscle flexing? But to what end?
All another time, I perform no longer even recount Kucoin and OkEx, don’t have any time to alternate, no funds had been frozen.
I perform no longer know whose funds they’ve frozen, nonetheless swish for them, hope they recount it for swish 🙏 https://t.co/gSucKfqsxj
— Attain Kwon 🌕 (@stablekwon) October 5, 2022
Nonetheless, it remains unclear how authorities deduced the source of the cryptocurrency and tied possession of the assets to the Terraform Labs boss. Terra neighborhood member FatManTerra additionally wondered how South Korean Prosecutors knew which funds to freeze.
FWIW here is correct what the South Korean prosecution is claiming.
The categorical methodology faded to decide on possession of those cash is being kept secret for some motive and I even have severe doubts about whether those are in actuality Attain Kwon’s bitcoins or no longer. Ready for proof.
— FatMan (@FatManTerra) October 5, 2022
Wednesday’s claims arrive quickly after prosecutors requested two crypto exchanges – KuCoin & OKC, to freeze 3313 Bitcoin (BTC) allegedly belonging to the Luna Foundation Guard (LFG) despite the indisputable reality that the LFG denied any link between the funds and Kwon.
The 3313 BTC is rate spherical $67 million with Bitcoin exchanging hands at $19,800 per TradingView records.
BTC Everyday Chart (Source: TradingView)
Attain Kwon On The Race?
Attain Kwon remains energetic on Twitter no topic being wanted in South Korea and 195 other jurisdictions at press time. Interpol issued a crimson notice on his arrest and a South Korean court docket additionally issued an arrest warrant for the Terraform Labs CEO.
Terraform spoke back to the investigations as “high politicized”. Kwon himself additionally claims to have freedom of movement nonetheless did no longer issue his predicament. Authorities reported that the Terra CEO isn’t any longer in Singapore.