• About Us
  • Jobs
  • Contact
  • Login
  • Register
Crypto Mufasa
  • General News
  • Beginner Guides
  • Bitcoin News
  • Ethereum News
  • Altcoin News
  • NFT News
  • Web Stories
  • Work With Us
No Result
View All Result
  • General News
  • Beginner Guides
  • Bitcoin News
  • Ethereum News
  • Altcoin News
  • NFT News
  • Web Stories
  • Work With Us
No Result
View All Result
Crypto Mufasa
No Result
View All Result
ADVERTISEMENT
Home Altcoin News

Breaking: Do Kwon’s Terra-linked assets worth $92 million are frozen by South Korea

Hania by Hania
December 20, 2022
in Altcoin News, General News
Reading Time: 3 mins read
A A
0
Do Kwon, CEO Of Terraform Bail Cancelled In Montenegro
Tweet

In Brief:

  • You May Also Like:
  • Best-Performing Altcoins For The Week: XRP, LDO, and LUNC
  • Elon Musk Sued For Market Manipulation By Dogecoin Investors
  • The search for Do Kwon goes on.

Do Kwon-owned Terraform Labs affiliate Kernel Labs’ assets worth $92 million have been frozen by a South Korean court.

According to The Korea Economics Daily, the executives of Terraform Labs affiliate Kernel Labs had assets worth 120 billion won ($92 million) blocked by South Korean authorities.

Local media sources state that the Seoul Southern District Court approved the prosecution’s request to freeze the assets of early Terra LUNA investors. The South Korean court had previously in November ordered the freezing of Shin Hyun-Seong, a co-founder of Terra$108,’s million worth of assets.

Breaking: Do Kwon's Terra-linked assets worth $92 million are frozen by South Korea

You May Also Like:

Best-Performing Altcoins For The Week: XRP, LDO, and LUNC

Best-Performing Altcoins For The Week: XRP, LDO, and LUNC

June 5, 2023
Elon Musk Sued For Market Manipulation By Dogecoin Investors

Elon Musk Sued For Market Manipulation By Dogecoin Investors

June 2, 2023

Prosecutors have indeed been authorized by the Seoul Southern District Court to freeze the assets of seven people who made sizable profits through the sale of pre-issued Terra LUNA tokens. According to reports, Terraform Labs’ South Korean office also appointed employees from Kernel Labs.

The CEO of Kernel Labs, Kim Hyun-Joong, had worked previously as Terraform Labs’ vice president of engineering. According to reports, the CEO of Kernel Labs is in the hold of the maximum values of unlawful proceeds from the Do Kwon- company.

Authorities stated that the CEO of Kernel Labs fraudulently received at least 79 billion won ($61 million) from Terra. As per prosecutors, a former CEO of Kernel Labs also earned approximately 41 billion won ($31 million) in unlawful profits.

The search for Do Kwon goes on.

Authorities in Korea as well as other countries are still searching for Do Kwon, the controversial founder of Terraform Labs. The founder of Terra, according to South Korean authorities, was apparently spotted in Serbia after leaving Singapore earlier this year, as was reported earlier this month.

In spite of having an Interpol red notice out against him, Do Kwon continues to live without facing any consequences for what happened to Terra LUNA investors.

Tags: Kernel LabsLunasouth KoreaTerraTokens
Tweet47Share76ShareSendPin17ShareSend
ADVERTISEMENT
Hania

Hania

Hania is a 30-year-old blogger who used to be a teacher before entering the world of writing. She is originally from India and has been writing blogs on various topics for 2 years now. Hania is particularly interested in exploring the intersections of finance, technology, and cryptocurrency. Her experience as a teacher has given her unique insights into the ways in which digital media can be used to facilitate learning and engagement. Through her writing, Hania hopes to share her knowledge and learning of crypto industry with everyone.

Related Posts

Best-Performing Altcoins For The Week: XRP, LDO, and LUNC
Altcoin News

Best-Performing Altcoins For The Week: XRP, LDO, and LUNC

June 5, 2023
Elon Musk Sued For Market Manipulation By Dogecoin Investors
Altcoin News

Elon Musk Sued For Market Manipulation By Dogecoin Investors

June 2, 2023
Dr John Forsyth ONFO Coin Co-Founder And “Bitcoin Millionaire” Found Dead
General News

Dr John Forsyth ONFO Coin Co-Founder And “Bitcoin Millionaire” Found Dead

June 1, 2023
Crypto.com Obtained Digital Token License In Singapore
General News

Crypto.com Obtained Digital Token License In Singapore

June 1, 2023
Crypto Investments You Should Avoid in June 2023
Bitcoin News

Crypto Investments You Should Avoid in June 2023

May 30, 2023
Crypto Unlocking Events In June 2023
Altcoin News

Crypto Unlocking Events In June 2023

May 29, 2023
Sandbox CEO’s Twitter Was Hacked To Advertise The “Airdrop” Scam
General News

Sandbox CEO’s Twitter Was Hacked To Advertise The “Airdrop” Scam

May 29, 2023
Jimbos Protocol, Built On Arbitrum Hacked, Lost $7.5M In Ether
Ethereum

Jimbos Protocol, Built On Arbitrum Hacked, Lost $7.5M In Ether

May 29, 2023
Do Kwon, CEO Of Terraform Bail Cancelled In Montenegro
General News

Do Kwon, CEO Of Terraform Bail Cancelled In Montenegro

May 25, 2023
Load More
  • Trending
  • Comments
  • Latest
idmining cloud mining

The New Era of Passive Income Brings Another Amazing Opportunity To Make Money With IDMining

May 5, 2023
Passive Income HappyMiner

Earn Passive Income Cloud Mining With HappyMiner – A Quick Guide!

May 8, 2023
Lost Your Bitcoin To Scammers? Explore The Options For Recovery From Crypto Scams

Lost Your Bitcoin To Scammers? Explore The Options For Recovery From Crypto Scams

May 19, 2023
76 Cryptocurrencies Are Now Prohibited, Beware!

76 Cryptocurrencies Are Now Prohibited, Beware!

May 11, 2023
Sparklo (SPRK) Top Profitable Investments

Rising Market Reputation for Sparklo (SPRK) While Dogecoin (DOGE) And Solana (SOL) Witness Varying Price Trends

June 5, 2023
Best-Performing Altcoins For The Week: XRP, LDO, and LUNC

Best-Performing Altcoins For The Week: XRP, LDO, and LUNC

June 5, 2023
Atomic Wallet Hacked, Users Lost Entire Portfolios

Atomic Wallet Hacked, Users Lost Entire Portfolios

June 5, 2023
sparklo finanace presale

Sparklo (SPRK) Presale Advances As Litecoin (LTC) Prices Explode

June 4, 2023
ADVERTISEMENT
Crypto Mufasa

© 2022-2023 CryptoMufasa.com
All Rights Reserved!

Navigate Site

  • Contact
  • Terms Of Service
  • Privacy Policy
  • Crypto Prices
  • Crypto Exchanges
  • Work With Us

Follow Us

No Result
View All Result
  • General News
  • Beginner Guides
  • Bitcoin News
  • Ethereum News
  • Altcoin News
  • NFT News
  • Web Stories
  • Work With Us

© 2022-2023 CryptoMufasa.com
All Rights Reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In