More than two years have passed since the Terra-UST crash, which caused a major correction in the Bitcoin and cryptocurrency markets.
During this time, Terraform Labs founder Do Kwon was caught in Karadağ, while the complicated extradition process is still ongoing.
While it is not yet clear whether Do Kwon will be extradited to South Korea or the United States, it was stated that 1,075 BTC was transferred from a wallet belonging to Kwon to an anonymous account.
According to a report by local South Korean news agency Digital Asset, 1,075 BTC worth around $63.9 million was transferred from a wallet belonging to Terraform Labs founder Do Kwon to an anonymous wallet. The latest transfer is reported to be the third time that BTCs have been moved from this wallet.
While the last transfer took place four months ago, Digital Asset stated that it has been following Do Kwon's wallets since November 2022, and evaluated that these wallets may belong to the same person, Do Kwon.
*This is not investment advice.