By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
CoinworldstoryCoinworldstoryCoinworldstory
  • HOME
  • CRYPTO
    • AI
    • BOTS
    • ICO
    • AIRDROP
      • Featured Airdrops
    • Price Prediction
    • EXCHANGE
      • Best Centralized Exchange List 2025
      • Best Decentralized Exchange List 2025
    • ALTCOIN
    • Alt Coin Signal
    • Crypto Analysis
    • Bitcoin Loan
    • Bitcoin Mining
    • WALLETPRO
  • PR
    PR
    If You Looking For Submit Cryptocurrency Press Releases Than Coinworldstory Is Best Choice For Crypto Press Release Submission
    Show More
    Top News
    ALCEDO Offers Real Cryptocurrency Adoption in its Purest Form
    ALCEDO Offers Real Cryptocurrency Adoption in its Purest Form
    2 years ago
    Crypto Commonwealth: A Blockchain project en route to a world-leading publisher and asset manager
    Crypto Commonwealth: A Blockchain project en route to a world-leading publisher and asset manager
    2 years ago
    CoinZoom Launches OTC Desk to Fill Gap for Institutional Customers
    1 year ago
    Latest News
    Trezor Launches Trezor Safe 7: First Hardware Wallet With Transparent Secure Element
    6 hours ago
    Roba Shatters Closed Systems: The People’s Robotics Platform Launches To Dominate $218b Industry
    8 hours ago
    MEGACAMPUS SUMMIT 2026 TO BE HELD IN DUBAI — THE WORLD’S LARGEST LECTURE EVENT
    10 hours ago
    Aster Unveils Rocket Launch: A Gateway to Early-Stage Crypto Projects and Trading Rewards
    12 hours ago
  • NEWS
    • Mining
    • Altcoins
    • Ban
    • BANKING/FINANCE NEWS
    • Bitcoin
    • Blockchain
    • CRYPTO CRIME
    • Ethereum
    • Exchange News
    • Government News
    NEWSShow More
    10 Cryptos Listed as Securities: Top Tokens Under Regulation
    10 Cryptos Listed as Securities: Top Tokens Under Regulation
    4 hours ago
    10 Best Crypto Volume Trackers for Accurate Market Insights
    10 Best Crypto Volume Trackers for Accurate Market Insights
    1 day ago
    10 Best Crypto Trading Courses on YouTube
    10 Best Crypto Trading Courses on YouTube
    2 days ago
    10 Best Dog Meme Coins To Buy In 2025 For Crypto Fans
    9 Best Dog Meme Coins To Buy In 2025 For Crypto Fans
    3 days ago
    10 Best Snake Tokens 2025: Top Meme & Crypto Snake Coins
    10 Best Snake Tokens 2025: Top Meme & Crypto Snake Coins
    5 days ago
  • MORE
    • Guide
    • Only Best
    • Off Topic
    • Best Affiliate Marketing
    • Best Affiliate Programs
    • BOTS
    • Trusted Currency Exchanger Platform
    • Blockchain Games
    • Metaverse Review : Best Metaverse Program Review
    • Online Survey
    • Payment Platform
  • VPN
  • Contact Us
Reading: Bitcoin frozen, passport cancelled? Can Do Kwon “escape”?
Share
Notification Show More
Font ResizerAa
CoinworldstoryCoinworldstory
Font ResizerAa
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
Search
  • HOME
  • CRYPTO
    • AI
    • BOTS
    • ICO
    • AIRDROP
    • Price Prediction
    • EXCHANGE
    • ALTCOIN
    • Alt Coin Signal
    • Crypto Analysis
    • Bitcoin Loan
    • Bitcoin Mining
    • WALLETPRO
  • PR
  • NEWS
    • Mining
    • Altcoins
    • Ban
    • BANKING/FINANCE NEWS
    • Bitcoin
    • Blockchain
    • CRYPTO CRIME
    • Ethereum
    • Exchange News
    • Government News
  • MORE
    • Guide
    • Only Best
    • Off Topic
    • Best Affiliate Marketing
    • Best Affiliate Programs
    • BOTS
    • Trusted Currency Exchanger Platform
    • Blockchain Games
    • Metaverse Review : Best Metaverse Program Review
    • Online Survey
    • Payment Platform
  • VPN
  • Contact Us
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Home » Blog » Bitcoin frozen, passport cancelled? Can Do Kwon “escape”?
Uncategorized Folder & File At Coinworldstory

Bitcoin frozen, passport cancelled? Can Do Kwon “escape”?

News Expert
Last updated: 08/10/2024 7:09 PM
News Expert
3 years ago
Share
Disclosure: We are not a registered broker-dealer or an investment advisor. The services and information we offer are for sophisticated investors, and do not constitute personal investment advice, which of necessity must be tailored to your particular means and needs. !
Bitcoin frozen, passport cancelled? Can Do Kwon "escape"?
SHARE

According to the Korean media “News1” , Terra founder Do Kwon is suspected of hiding as many as 3,313 bitcoins worth more than $66 million, all of which have been frozen by South Korean prosecutors. In this regard, Do Kwon issued a document denying the report, saying that he did not have any funds frozen, and he had no time to trade cryptocurrencies.

Shortly after South Korean prosecutors issued an arrest warrant against Do Kwon last month, they discovered that as many as 3,313 bitcoins had been transferred from Luna Foundation Guard (LFG) wallets to two cryptocurrency exchanges outside South Korea, according to the current currency. In price conversion, this batch of bitcoins is worth about $66.59 million.

Prosecutors in South Korea determined that the transactions were most likely done by Do Kwon and accused Do Kwon of trying to hide the assets. To this end, the Financial Securities Crime Joint Investigation Team of the Seoul Southern District Prosecutor’s Office has frozen 1,354 bitcoins transferred to Kucoin last month, and recently further frozen 1,959 bitcoins transferred to OKX.

In response to the above report, Do Kwon posted on Twitter on the evening of the 5th (5th) , denying that the funds were frozen:

- Advertisement -

Again, I am not using KuCoin or OKEx (OKX) at all, I have no time to trade and no funds are frozen. I don’t know whose funds they froze, but they are happy and hope they make good use of the funds.

On the other hand, Luna Foundation Guard also denied these reports.

Do Kwon ordered to return passport

Meanwhile, South Korea’s foreign ministry on October 5 ordered Do Kwon to return his passport within 14 days. If he fails to return it within the time limit, his passport will be automatically cancelled. This means that Do Kwon, whose whereabouts are currently unknown, is likely to be rejected even if he wants to apply for a replacement passport, making it even more difficult to travel to other countries.

Now, the International Criminal Police Organization (Interpol) has officially issued a “Red Notice” to launch a global hunt for Do Kwon . Can Do Kwon, who now denies that his funds have been frozen, can get out of his embattled predicament with his incorruptible tongue? We will wait and see

10 Next Crypto To Hit $1 In 2025 – Top Coins To Watch
10 Digital Marketing Agencies In Australia For 2025
30 Best Crypto Exchanges 2025 – Top Platforms for Trading
10 Best Crypto Exchanges In Oman: Top Platforms for 2025
How Many Sobriety Coins Do You Get? Milestones Explained
Share This Article
Facebook Email Print
Previous Article 5 Best passive income cloud mining projects 5 Best passive income cloud mining projects
Next Article Cozy Web3 Movement: Cozies announces minting of Cozies NFTs for October 10th Cozy Web3 Movement: Cozies announces minting of Cozies NFTs for October 10th
10 Cryptos Listed as Securities: Top Tokens Under Regulation
10 Cryptos Listed as Securities: Top Tokens Under Regulation
Altcoins
Trezor Launches Trezor Safe 7: First Hardware Wallet With Transparent Secure Element
Press Releases
Roba Shatters Closed Systems: The People’s Robotics Platform Launches To Dominate $218b Industry
Press Releases
10 Best Crypto King: Top Influential Leaders in Cryptocurrency
10 Best Crypto King: Top Influential Leaders in Cryptocurrency
CRYPTO

Latest Published

What is the Term for a Virtual Box in Games or Nft Platforms that Contains Random Rewards or Items?

What is the Term for a Virtual Box in Games or Nft Platforms that Contains Random Rewards or Items?

2 months ago
What Is Polygon? A Complete Guide To Ethereum’s Scaling Solution

What Is Polygon? A Complete Guide To Ethereum’s Scaling Solution

2 months ago
10 Best Prop firm Trading Jobs – Top 10 Firms For Traders

10 Best Prop firm Trading Jobs – Top 10 Firms For Traders

2 months ago
20 Best Prop Firms Such as Funded Trading Plus & Lux Trading Firm

20 Best Prop Firms Such as Funded Trading Plus & Lux Trading Firm

2 months ago
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
What Is Solana? A Complete Guide to the Fast and Scalable Blockchain
What Is Solana? A Complete Guide to the Fast and Scalable Blockchain
Trending
10 Best Shoes For Bunions – Comfort, Support & Pain Relief
10 Best Shoes For Bunions – Comfort, Support & Pain Relief
Trending
10 Best Macroeconomics Books-for Students and Professionals
10 Best Macroeconomics Books-for Students and Professionals
Trending
CoinworldstoryCoinworldstory
Follow US
© Coinworldstory News Network. Cws Design Company. All Rights Reserved.
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
coinworldstory logo coinworldstory logo
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?