Veröffentlicht von • Do Kwon, co-founder of Terra, was granted bail by a court in Montenegro and reportedly withdrew digital assets worth around 2.8 billion won ($2.15 million).
• Prosecutors in South Korea seek to freeze Do Kwon’s and the other defendants’ assets as his trial approaches.
• Terraform Labs has also completed significant token transfers, sending 100 Convex Finance (CVX) tokens to an unknown wallet account as well as millions of dollars to a Swiss bank account.
Do Kwon Granted Bail
After being granted bail by a court in Montenegro, Terra co-founder Do Kwon reportedly removed digital assets worth around 2.8 billion won ($2.15 million), according to several reports from South Korean media agencies.
Assets Frozen
Prosecutors in South Korea seek to freeze Do Kwon’s and the other defendants’ assets as his trial approaches. So far, $175,000,000 worth of assets and high-end goods have been frozen.
Token Transfers
Terraform Labs has also completed significant token transfers, sending 100 Convex Finance (CVX) tokens to an unknown wallet account as well as millions of dollars to a Swiss bank account. Convex CRV (cvxCRV) tokens remain in the wallet even if it no longer includes CVX tokens.
Extradition Process
Do Kwon and the ex-CFO Han Chang-joon were released on bond by a Montenegrin court but they remain under house arrest while the passport forgery case and the following extradition process play out in court. The prosecutor’s office in Montenegro has challenged the court’s decision to allow Do Kwon bail citing fears that he may abscond with their assets which are worth much more than what was given for bail money.
Daniel Shin Prosecution
Meanwhile prosecutors in South Korea are looking into the Terra-LUNA situation and preparing for the prosecution of co-founder Daniel Shin