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LFG wallet transfers 3,313 bitcoins to exchanges after South Korean prosecutors issue arrest warrant

2022-09-27 14:15:54
Collection

According to Chain Catcher news and reported by CoinDesk Korea, after the South Korean prosecutors issued an arrest warrant for Terra founder Do Kwon, from September 15 to 18, the Terra Foundation Luna Foundation Guard (LFG) wallet transferred approximately 3,313 bitcoins (about $66.59 million) to the cryptocurrency exchanges KuCoin (1,354 BTC) and OKX (1,959 BTC).

It is reported that the South Korean prosecutors subsequently applied to KuCoin to freeze the account, but OKX ignored the prosecution's freezing request, and the 1,959 BTC may have been transferred to another exchange. Prosecutors are closely investigating the transfer situation. (source link)

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