2023-04-26
After the collapse of Terra, Watcher
Guru reported that around September 2022, Do Kwon transferred 3,313 BTC out of
Luna Foundation Guard to two cryptocurrency exchanges outside South Korea. According
to SEC lawsuit against Do Kwon. Around February 2023, Do Kwon transferred 100,000
BTC out of Terraform Labs and Luna Foundation Guard.
There is suspicious that Do Kwon keeps
his money in a Swiss bank. The suspected bank is Sygnum Bank because it is the world’s first regulated Digital Asset Bank. Sygnum Bank
is licensed and supervised by the Swiss Financial Market Supervisory Authority
(FINMA) and the Monetary Authority of Singapore (MAS).
Sygnum Bank is a leading digital asset
bank that provides secure and regulated banking services for individuals and
institutions. The bank offers a comprehensive suite of products and services,
including custody, trading, lending, borrowing, staking, tokenization, and
digital asset management. Sygnum Bank aims to empower its clients to invest in
the digital asset economy with confidence and convenience.
According to a report from South Korean
new source. Do Kwon deposited large amounts of money in a Swiss bank.
