2023-07-07
Do Kwon has been sentenced by court to
4 months imprisonment in Montenegro’s jail.
조재우(Jaewoo Cho)⚡️ on Twitter: "Do Kwon has transferred his entire 18m USDC to a new address.
A blockchain data indicates that a
cryptocurrency wallet owns by Do Kwon, the founder of Terraform Labs and Terra
blockchain had $18 million worth of USDC withdrew from the wallet.
Second step this individual converted $18 million USDC into 4 million aEthUSDC, 12
WBTC, 454 ETH, 500 stETH, and 1.5m DAI.
Finally, this individual transferred $5.4
million USDC and $1 million DAI to another address, which were subsequently
used as liquidity in CRV pools.
South Korean university professor Cho Jae-woo suspects that besides
Do Kwon, someone can get access to the Luna Foundation Guard and Terraforms
Labs’ cryptocurrency wallets.
Someone is helping Do Kwon moving the
money while he is being imprisoned. Therefore, according the Cho Jae Woo, it
making the authorities find it hard to freeze Do Kwon’s assets.
