Do Kwon refuted claims that his crypto accounts had been frozen after media reports said South Korean prosecutors had escalated against the entrepreneur whose blockchain collapsed and wiped investors’ $40 billion earlier this year.
Korean media outlet News1 reported on Wednesday that prosecutors had frozen $39.6 million of crypto assets tied to the Terraform Labs founder and chief executive. The report was amplified by CoinDesk, a popular crypto-focused news outlet.
In response, Kwon labelled the news item as “falsehood,” once again reiterating that he doesn’t use KuCo
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