Do Kwon’s Crypto Frozen? Terra Leader Denies Allegation.

The Terra Creator mocks authorities.

On The Run

The CEO of TerraForm Labs has been in the news for a while now.  The embattled crypto firm owner has been placed on Red Notice by Interpol and has yet to be apprehended. 

In September Do Kwon made a statement that he was not on the run and was in full cooperation with authorities. 

We are in the process of defending ourselves in multiple jurisdictions – we have held ourselves to an extremely high bar of integrity, and look forward to clarifying the truth over the next few months

— Do Kwon 🌕 (@stablekwon) September 17, 2022

The Terra leader also suggested he was defending himself from many false accusations as well.

Really don’t understand why otherwise would be true – think about whether you would be comfortable with the same level of invasion of privacy for yourself

— Do Kwon 🌕 (@stablekwon) September 17, 2022

Completely Denied

Currently the ex-CEO has denied reports that another $39.6 million of his crypto was frozen by South Korean prosecutors.In a statement from an undisclosed location he said the following:

“Once again, I don’t even use KuCoin and OkEx, have no time to trade, no funds have been frozen, I don’t know whose funds they’ve frozen, but good for them, hope they use it for good.” 

There are some that state this statement was made rather mockingly as the embattled ex-CEO has yet to be held accountable for his role in the fall of TerraForm labs. Some were not a fan of his attitude towards the situation

its sad people killed themselves and went totally broke because of greed fueled by your false promises of wealth and invincibility, while youre still a multi-millionaire shitposting on twitter laughing at the authorities hunting after you

i really hope you get what you deserve

— Delta (@deltaxbt) October 5, 2022

Lol, you're such a failure !!
Just run to court and clear your name 😜, it will burn calories faster 😂

— PiC (@Peter34647056) October 5, 2022

Some have even called him to task and told him to come clean completely.

In the last couple weeks you've had multiple posts claiming every news about you is pretty much false.

Why don't you make a video/thread explaining what is actually going on then? These posts/random comments about the situation just make things more shady

— yolognese69 (@yolognese69) October 5, 2022

Do Kwon referenced two crypto exchanges OKX and KuCoin in reference to a report from last month stating the two companies were cooperating to freeze 3,313 Bitcoin ($66 million at the time) 

It was then reported by Cointelegraph that Do Kwon tried to cash out that amount right before the arrest warrant was set up for him.

Do Kwon reportedly tried cashing out $67 million worth of Bitcoin, just a day after an arrest warrant was released against him on Sept. 14. https://t.co/7Flen2rW1n

— Cointelegraph (@Cointelegraph) September 27, 2022

This was another report that he vehemently denied.

What has been probably the most surprising in all this is the amount of misinformation that gets spread.

There is no “cashout” as alleged, i havent used kucoin or okex in at least the last year, and no funds of tfl, lfg or any other entities have been frozen. https://t.co/E1cbKgoqQz

— Do Kwon 🌕 (@stablekwon) September 28, 2022

On The Run

The red notice that is out on Do Kwon means that law enforcement agencies are obligated to aid in the location and capture of Do Kwon. Kwon continues to deny he is on the run and states that he and his company are in “full cooperation with nothing to hide” The arrest warrant was issued by the South Korean court this past September 15.