Greater than two years have handed because the Terra-UST crash, which triggered a significant correction within the Bitcoin and cryptocurrency markets.
Throughout this time, Terraform Labs founder Do Kwon was caught in Karadağ, whereas the sophisticated extradition course of remains to be ongoing.
Whereas it isn’t but clear whether or not Do Kwon will probably be extradited to South Korea or america, it was acknowledged that 1,075 BTC was transferred from a pockets belonging to Kwon to an nameless account.
Based on a report by native South Korean information company Digital Asset, 1,075 BTC price round $63.9 million was transferred from a pockets belonging to Terraform Labs founder Do Kwon to an nameless pockets. The newest switch is reported to be the third time that BTCs have been moved from this pockets.
Whereas the final switch came about 4 months in the past, Digital Asset acknowledged that it has been following Do Kwon’s wallets since November 2022, and evaluated that these wallets could belong to the identical particular person, Do Kwon.
*This isn’t funding recommendation.
