• Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
edifyingcrypto.com
  • Home
  • Crypto News
  • Bitcoin
  • Ethereum
  • Blockchain
  • Regulation
  • Scams
  • Trading
No Result
View All Result
  • Home
  • Crypto News
  • Bitcoin
  • Ethereum
  • Blockchain
  • Regulation
  • Scams
  • Trading
No Result
View All Result
EdifyingCrypto.com
No Result
View All Result

Crypto Exchanges KuCoin and OKX Asked by Authorities To Freeze $67,000,000 in Bitcoin Tied To Do Kwon: Report

September 29, 2022
in Regulation
Reading Time: 2min read
A A
0
Crypto Exchanges KuCoin and OKX Asked by Authorities To Freeze $67,000,000 in Bitcoin Tied To Do Kwon: Report
4
SHARES
13
VIEWS
ShareShareShareShareShare

Two crypto exchange platforms are being reportedly asked by South Korean authorities to freeze tens of millions of dollars worth of Bitcoin (BTC) tied to Terra (LUNA) founder Do Kwon.

According to a new report by Bloomberg, South Korean prosecutors are asking the KuCoin and OKX crypto exchanges to freeze 3,313 BTC linked to a crypto wallet associated with Kwon’s Luna Foundation Guard (LFG) worth about $67 million at time of writing.

Citing analyst CryptoQuant, South Korean officials say that the wallet was created on September 15th.

“CryptoQuant specified new Bitcoin addresses owned by LFG based on transaction patterns, adjacent flows and material non-public information.”

The report says an official from the prosecutor’s office confirmed the request though neither KuCoin or OKX, formerly known as OKEX, were available to comment on the matter.

Earlier this month, officials investigating Kwon asked Interpol to place a red notice on Kwon, proclaiming that his whereabouts were unknown.

On September 14th, a South Korean court issued an arrest warrant for Kwon for allegedly violating the country’s financial laws.

Recently, Kwon told his one million Twitter followers that he’s neither hiding from the police nor Interpol.

“Yeah as I said, I’m making zero effort to hid. I go on walks and malls, no way none of crypto Twitter hasn’t run into me the past couple weeks.”

However, Kwon’s whereabouts are not known after he left Singapore, according to the report.

In May, stablecoin issuer Terra collapsed after its algorithmic stablecoin de-pegged from the dollar, wiping out about $60 billion from the market.

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/maximmmmum


Credit: Source link

Share2SendTweet1PinShare
Previous Post

Ethereum-Based Altcoin Soars 30% in One Week, Massively Outpacing Bitcoin and Overall Crypto Market

Next Post

Bitcoin 30-Day Long-Term Holder SOPR Is Yet To Hit Bottom Values

Next Post
Bitcoin 30-Day Long-Term Holder SOPR Is Yet To Hit Bottom Values

Bitcoin 30-Day Long-Term Holder SOPR Is Yet To Hit Bottom Values

Recommended.

Ethereum Researcher Pleads Guilty to Helping North Korea Evade Sanctions Using Crypto and Blockchain

Ethereum Researcher Pleads Guilty to Helping North Korea Evade Sanctions Using Crypto and Blockchain

September 29, 2021
Seasoned Trader Tone Vays Reverses Stance on Bitcoin After Latest Rally – Here’s His New Outlook

Seasoned Trader Tone Vays Reverses Stance on Bitcoin After Latest Rally – Here’s His New Outlook

November 1, 2022

Trending.

OKX partners with Pyth Network

OKX partners with Pyth Network

October 14, 2022
Bitcoin ETF Receives Approval from SEC, Marking Historic Day for Crypto

Bitcoin ETF Receives Approval from SEC, Marking Historic Day for Crypto

October 15, 2021
$MATIC Ready to Tumble? InQubeta Presale Surges Ahead

$MATIC Ready to Tumble? InQubeta Presale Surges Ahead

August 21, 2023
Cardano Introduces Lace 1.4: Introduces More Features, ADA Handle Support, and Bug Fixes

Cardano Rolls Out New Hydra Version to Scale to 1,000,000 TPS

August 21, 2023
Celsius Founder Lost Millions In Crypto By Taking Over Trading Strategy

Celsius Founder Lost Millions In Crypto By Taking Over Trading Strategy

August 16, 2022

About Us

This is an online news portal that aims to provide the latest crypto news and real-time updates around the world. Feel free to get in touch with us!

What’s New Here!

  • Under-the-Radar DeFi Altcoin Surges by 22% on Friday Amid the Rollout of New Mining Rewards
  • US-Based Crypto Exchange Gemini To Halt Trading Services in European Country of 17,000,000
  • LOBSTR and Allbridge Strengthen Partnership for Stellar, Ethereum, Polygon, and Celo

Subscribe Now

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 - edifyingcrypto.com - All rights reserved!

No Result
View All Result
  • Home
  • Crypto News
  • Bitcoin
  • Ethereum
  • Blockchain
  • Regulation
  • Scams
  • Trading

© 2021 - edifyingcrypto.com - All rights reserved!

  • bitcoinBitcoin(BTC)$23,890.00-4.13%
  • ethereumEthereum(ETH)$1,627.57-3.86%
  • tetherTether(USDT)$1.00-0.53%
  • binancecoinBNB(BNB)$304.25-3.50%
  • usd-coinUSD Coin(USDC)$1.00-1.00%
  • rippleXRP(XRP)$0.387498-2.02%
  • cardanoCardano(ADA)$0.379540-5.17%
  • binance-usdBinance USD(BUSD)$1.00-0.02%
  • okbOKB(OKB)$48.95-7.24%
  • matic-networkPolygon(MATIC)$1.32-8.82%