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. 

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

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

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

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.

This was another report that he vehemently denied.

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.

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