Do Kwon and his assistants, according to journalists, owned 415.5 billion South Korean won ($314.2 million). 91.4 billion South Korean won (about $69 million) was the share of the CEO of Terrafarm Labs.
South Korean authorities have already frozen the funds of Terrafarm Labs co-founder Shin Hyun-seong and other executives. However, Do Kwon’s assets could not be frozen. The failure was due to the fact that he converted all his savings into bitcoins. And then he managed to bring all his cryptocurrency to the exchange outside of South Korea.
“We found too little of what belonged to CEO Kwon inside the country,” a prosecutor told KBS.
The journalistic material states that the prosecutor’s office has already requested the Binance exchange to block the withdrawal of cryptocurrency for Do Kwon. Earlier, his extradition from Montenegro was requested by the United States and South Korea.
Source: Bits
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