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Billionaire Mike Novogratz claims that process of deleveraging is nearing completion in crypto industry

Authorities in South Korea are reportedly seeking to freeze over $60 million in Bitcoin with ties to Do Kwon and the collapsed Terra project.

Terraform Labs co-founder and CEO Do Kwon has denied attempting to cash out millions of dollars in Bitcoin after a South Korean court issued an arrest warrant for him.

Terraform Labs co-founder Do Kwon has found an unlikely ally backing his claims.

Recently, the Luna Foundation Guard's Bitcoin holdings have drawn a lot of attention from the crypto community. Previously, it was assumed that Do-Kwon, the founder, transferred more than 3000 BTC, which were meant to back the UST's peg.

Luna Foundation Guard has denied that it has moved any cryptocurrencies linked to Terra or Do Kwon. South Korean prosecutors have asked OKX and KuCoin to freeze over 3,300 BTC linked to Kwon.

After Terra co-founder Do Kwon was listed as a wanted man by Interpol, counterpart Daniel Shin has been wrapped in as one of the witnesses at South Korea's National Assembly. The post Terra LUNA Co-Founder Daniel Shin to Testify at South Korea's National Assembly appeared first on BeInCrypto.

“When a token goes from 20 cents to $100 and you don't take profit, that's lunacy,” the CEO of Galaxy Digital said.

At the request of South Korean prosecutors, Interpol issued a Red Notice to Terra founder Do Kwon this week. Of special interest, the prosecutors also asked to freeze $67 million worth of Bitcoins belonging to the fugitive Terra founder. They took this action after finding a money trail linking back to Do Kwon.

Do Kwon and other Terraform Labs executives may still be “on the run” – but South Korean lawmakers have announced they want to question the Terraform co-founder Daniel Shin and other individuals linked with the Terra ecosystem.

After Singapore-based Luna Foundation Guard (LFG) denied Bitcoin movements from its wallets, Terra founder Do Kwon clarified the allegations. Do Kwon claims he hasn't used KuCoin or OKX for at least a year.

Do Kwon has denied that his cryptocurrency funds have been frozen after insisting that he wasn't on the run

Earlier this week, Interpol issued a Red Notice to Terra founder Do Kwon on request from South Korean prosecutors. Interestingly, the prosecutors also asked for freezing $67 million worth of Bitcoins tied to the fugitive Terra founder.

After the warrant for CEO Kwon Do-arrest was issued in September, he abruptly transferred approximately 3313 BTC (Bitcoin) to two overseas virtual asset exchanges.

South Korean prosecutors are seeking to freeze 3,313 bitcoins at two cryptocurrency exchanges allegedly tied to luna founder Do Kwon. The coins were moved soon after a South Korean court issued an arrest warrant for the Terraform Labs co-founder. Luna Foundation Guard has denied transferring the coins.

The LFG refuted claims from a CoinDesk report that indicated a wallet was set up for the LFG on Binance this month. The post Luna Foundation Guard denies reports it moved bitcoin appeared first on The Block.

The collapse of the algorithmic stablecoin Terra and its ecosystem in May 2022 created a massive crisis in the crypto space. Coupled with the extreme crypto winter, the industry witnessed massive losses.

The international policing organization Interpol is officially requesting that law enforcement worldwide help locate and arrest the embattled Terra (LUNA) founder Do Kwon, according to a new report. Bloomberg notes that South Korean prosecutors in Seoul confirmed Interpol has placed a “red notice” on Kwon.

South Korea has started making moves to freeze digital assets believed to be owned by Terra's co-founder Do Kwon. Authorities detected that 3,313 BTC (approximately $67 million) were recently sent to two crypto exchanges from a wallet tied to Kwon's Luna Foundation Guard, according to a Bloomberg report.

In a new turn of events surrounding the beleaguered founder of Terra (CRYPTO: LUNA) blockchain Do Kwon, who has a red notice issued against him by Interpol, Luna Foundation Guard [LFG] moved 3,313 Bitcoin (CRYPTO: BTC) totaling more than $69 million to two cryptocurrency exchanges located outside of South Korea. This apparently took place immediately after Kwon's arrest warrant was issued on Sept.

Interpol's Red Notice goes unnoticed by Do Kwon.

According to several reports, authorities in South Korea have ordered crypto exchanges OKX and KuCoin to freeze funds connected to Terra founder Do Kwon. In total, the platforms froze over 5,000 BTC or around $60 million at the current market price.

Do Kwon denied the rumours that he is hiding, saying people could see him going on walks and visiting shopping malls.

Terra co-founder denied being on run