Do Kwon's wallet address has transferred out approximately 2.15 million dollars worth of cryptocurrency in the past two days

ChainCatcher news, according to South Korean media reports, it has been confirmed that since May 16, approximately 2.86 billion won (about 2.15 million USD) worth of cryptocurrency has been transferred from the wallet address of Terraform Labs CEO Do Kwon. The report suggests that these series of operations may be to assist Do Kwon, who is currently in prison, in withdrawing funds.

ChainCatcher previously reported that on May 12, Terraform Labs co-founder Do Kwon was granted approval by a Montenegrin court to be released on bail of 400,000 euros (about 436,000 USD) while awaiting trial. (Source link)