$176 Million Worth Of Do Kwon’s Assets Have Been Frozen, Including A Luxury Apartment And Luxury Cars

A South Korean media "Hankyung" reported that Chief Judge Yun Chan-Young of the 12th Criminal Division of the Seoul Southern District Court ordered to freeze Kwon’s assets as well as prohibits them from selling.

These assets including Do Kwon's Galleria Foret apartment complex in Seoul, a Korean officetel and many imported cars. Kwon’s financial assets, such as securities, bank deposits and cryptocurrency stored in personal accounts on virtual currency exchanges.

According to South Korean law. Suspects will be barred from selling proceeds or property from crimes until their verdict is confirmed. On March 23, Do Kwon was arrested in Montenegro and later charged with forging passport document. Now both South Korean and US authorities are seeking extradition.