Do Kwon, LFG deny cashing out 3313 BTC
South Korean authorities reportedly urged KuCoin and OKX to freeze 3313 BTC worth over $69 million transferred to their platform.
By Sept. 17, the LFG had transferred a total of 3313 BTC through Binance, with 1354 BTC flowing into Kucoin, while OKX received 1959 BTC.
South Korean authorities reportedly requested that the exchanges freeze the assets. Kucoin has frozen 1354 BTC while OKX is yet to oblige to the request.
Do Kwon and LFG denies cashing out
The Luna Foundation Guard (LFG) denied creating any new wallet address except its public treasury’ address. It added that it has not moved its BTC holdings since the Luna ecosystem crash in May 2022.
The LFG treasury’s $BTC wallet is:
— LFG | Luna Foundation Guard (@LFG_org) September 27, 2022
A fact check into the Treasury wallet shared by the LFG reveals it completed its last transaction on May 18, 2022. The wallet received approximately 71,000 BTC and spent 70,736 BTC. As of press time, it holds 313 BTC worth approximately $5.8 million.
Do Kwon supported the LFG’s claim adding that he has not used Kucoin nor OKX exchanges in the last year.
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
Do Kwon has been accused severally of miking the Terra ecosystem. Back in June, Terra employees accused him of withdrawing some $80 million before the Luna collapse.
Do Kwon also denied allegations that he withdrew $2.7 million from the Terra ecosystem through Degenbox by Abracadabra Money.
Do Kwon wanted globally
Following Interpol’s red warrant issued against Do Kwon on Sept. 27, law enforcement authorities worldwide are on the lookout to arrest him.
Do Kwon however claims that he is making zero effort to hide or evade arrest.