Do Kwon denies that prosecutors have frozen $ 67 million of his cryptocurrency

do Kwon, the co -founder of the collapsed cryptocurrency operator Terraform Labs, denied that South Korean prosecutors frozen a further $ 39.6 million of his cryptocurrency than the South Korean authorities started with the process of withdrawal of its passport.

The public prosecutor's office of the southern district of Seoul announced on Thursday that Kwon's Bitcoin stocks worth a total of $ 67 million that are held on the OKX and Kucoin stock exchanges were now frozen.

The prosecutors started an international search after the 31-year-old crypto entrepreneur behind the $ 40 billion-dollar-implosion of the terrausd and luna tokens.

"I don't understand the motivation to spread this falsehood - muscle play? But why," Kwon wrote on Twitter on Wednesday. "I don't know whose money you have frozen, but good for you, I hope you use it for the good."

his rejection was carried out after Cryptoquant, a blockchain data analysis platform, said last month that the Luna Foundation Guard-a non-profit organization that was founded in Singapore to promote the growth of Terrausd-had created a digital wallet on the KryptoBörse Binance on September 15.

Cryptoquant added that 3,313 Bitcoin worth around $ 67 million were transferred from this Luna wallet to Kucoin and OKX within three days.

Last month, South Korean prosecutors froze around $ 27.4 million in Bitcoin, which were kept in the Kucoin letter bag. OKX recently accepted the authorities' claims to freeze a further $ 39.6 million.

But the public prosecutor declined to say how it found that the assets belonged to Kwon, which denied that the assets belonged to him.

I don't understand the motivation to spread this falsehood - muscle game? But why?

Again, I don't even use Kucoin and Okex, have no time to act, no funds were frozen.

I don't know who you have frozen money, but good for you, I hope you use it for the good 🙏 https://t.co/gsuckfqsxj

-MACH KWON 🌕 (@stabfukon) 5. October 2022

The Seoul Foreign Ministry said on Wednesday that Kwon's pass would be withdrawn if he did not return it within two weeks and exerted pressure on the fleeting crypto entrepreneur to return to South Korea and to complain about financial fraud and violation of the country's capital market law.

Interpol has published a Red Notice for Kwon after he had supposedly refused to work together with a South Korean examination of the meltdown of its algorithmic coins. Kwon still has to be found, but has denied that he is on the run. He could not be achieved for a statement.

South Korean prosecutors said Kwon left in Singapore at the end of April. The police of the city state announced last month that he was no longer there.

South Korea was one of the most enthusiastic users of cryptocurrencies, but the collapse of Terraform Labs led to a precise examination of the largely unregulated sector.

crypto experts said that investments in digital assets had slowed down. "Venture Capital has shortened its investments in the sector because the macroeconomic environment deteriorates in view of the high inflation and Bitcoin prices continue to fall," said Donghwan Kim von Blitz Labs, a crypto advisory company based in Seoul.