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Benzinga
Benzinga
Business
Murtuza Merchant

Terra CEO Do Kwon Denies Reports Of Frozen Bitcoin

Do Kwon Kwon Dohyung Terra Bitcoin Terraform Labs KuCoin South Korea Crypto Interpol Luna Foundation Guard

The beleaguered TerraForm Labs CEO Kwon Do-hyung, also known as Do Kwon, denied reports on Wednesday that South Korean prosecutors have frozen Bitcoin (CRYPTO: BTC) assets worth 56.2 billion won ($39.6 million) of Terra Luna Foundation.

South Korea's News1 reported that on Sept. 27 the Joint Financial Securities Crime Investigation Team of the Seoul Southern District Prosecutors froze 56.2 billion won. This is in addition to the previously frozen 38.8 billion won of the 95 billion won in assets Kwon had sought to allegedly hide.

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