South Korean Prosecutors Uncover $314M in Non-Recoverable, Illicit Assets Linked to Terraform Labs' Do Kwon
South Korean authorities have found $314.2 million in illicit assets linked to Do Kwon, the co-founder of Terraform Labs. Kwon allegedly converted most of the funds into Bitcoin using offshore exchanges, making them unrecoverable by South Korean authorities.
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Source: techtimes.com