2 years ago
While trying to necktie successful Kwon’s sick intent successful prepaying the instrumentality firm, prosecutors judge that the accusation volition assistance successful the ongoing fraud case.
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South Korean prosecutors confirmed that Terraform Labs CEO Do Kwon sent $7 cardinal (9 cardinal won) to Kim & Chang — a apical South Korean instrumentality steadfast — right earlier the collapse of LUNA (LUNA) and UST ecosystems.
Kwon’s determination to nonstop millions to Kim & Chang instrumentality steadfast was flagged by prosecutors arsenic a deliberate move, which allegedly reaffirmed his consciousness of the upcoming illness and anticipated expected ineligible problems, arsenic reported by KBS News.
Prosecutors, portion trying to necktie successful Kwon’s sick intent successful prepaying the instrumentality firm, judge that the accusation volition assistance successful the ongoing fraud case. In addition, Kim & Chang lawyers visited Montenegro to conscionable with Kwon and Terraform’s erstwhile main fiscal officer, Han Chang-joon.
Previously, Kwon was arrested astatine Podgorica airdrome successful Montenegro aft trying to fly to Dubai utilizing fake documents. Following his arrest, some US and South Korean authorities person sought Kwon’s extradition. However, the tribunal is yet to travel to a determination connected the same.
Related: Terra co-founder successful S.Korean crosshairs pursuing Do Kwon arrest
On April 7, South Korean prosecutors suspected Kwon of converting illicit funds from LUNA to Bitcoin (BTC). The prosecutors requested Binance to halt each withdrawal requests linked to Kwon.
In total, prosecutors identified 414.5 cardinal won ($314.2 million) successful illicit assets associated with Terraform Labs co-founder Kwon and his associates, retired of which, astir 91.4 cardinal won ($69 million) is reportedly straight linked to Kwon.
“We provided Korean LE authorities with the requested assistance. Since we cannot remark connected ongoing LE investigations, for immoderate further remark delight scope retired to the prosecutors,” said a Binance spokesperson, speaking to Cointelegraph astir the matter.
Magazine: US enforcement agencies are turning up the vigor connected crypto-related crime
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