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Do Kwon allegedly tried to run with 3,313 bitcoins

While Do Kwon claims he is not on the run, he keeps hiding while being chased by Interpol. Allegedly, he tried to withdraw 3,313 BTC.

Since Terra Luna crashed, Do Kwon is the number one subject in the crypto space. While he tells people he is open to collaborating regarding the crash, he also seems to be on the run and withdrew 3,313 bitcoins. Does he plan to hide?

Β I am not β€œon the run”

On September 17th, he said he is not on the run on Twitter publicly and even joked about β€œcutting some calories.” However, he explicitly said he would not reveal his location. At the same time, some data reveal he tried to cash out $67 million worth of Bitcoin one day after the arrest warrant was issued on September 14th.Β 

Related article: Jesse Powell to step down as Kraken’s CEO – what comes next?

Now Do Kwon even received a Red Notice from Interpol, but he continues to ignore what is happening around him, as you can see in the tweet he posted a little later after the international arrest warrant.Β 

After the $40 billion Terra ecosystem collapsed, the whole cryptocurrency market followed, losing about a trillion dollars from the total crypto market cap. Even after such chaos, Kwon persisted in having the support of the community by maintaining his innocence and claiming that he had lost everything in the collapse. Is he really innocent? He was known for being arrogant and ignorant months before Terra collapsed, so this is nothing new.Β 

Also read: Exploring the Bitcoin bottom for the 47th time

Authorities in South Korea reportedly requested two prominent cryptocurrency exchanges, KuCoin and OKX, to block 3,313 BTC. They were allegedly able to block Bitcoin, valued at about $27 million. Shortly after receiving the arrest warrant, Kwon allegedly made a new wallet for the Luna Foundation Guard, a non-profit backing Terra.

Conclusion

There is a lot of controversies connected to Do Kwon, who denies allegations that he is on the run but keeps hiding at the same time. The only thing here we should look at is actions, not words.

I got into financial markets by accident in 2012 and started with Forex trading. Later in 2017, I started investing in stocks in cryptocurrencies and began writing articles profess...

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