Terra Founder, Do Kwon Denies Reports That His Crypto Assets Was Frozen

TerraForm Labs CEO, Do Kwon has denied reports that South Korean prosecutors have frozen another $39.6 million worth of his crypto assets. This was after it was reported by the Korean outlet News1.

The CEO who had denied several allegations this year including him being on the run made this know in a tweet. He stated that there’s nothing like that and he doesn’t own use KuCoin and OKEx.

His tweet reads, ”Once again, I don’t even use KuCoin and OKEx, have no time to trade, no funds have been frozen,” Do Kwon added, ”I don’t know whose funds they’ve frozen, but good for them, hope they use it for good.”

Both Kwon and Luna Foundation Guard, the nonprofit created to support the Terra ecosystem, have denied those reports as well.

A week ago, Kwon was on Twitter saying he had not taken funds belonging to his company and no funds from TerraForm Labs or Luna Foundation Guard had been frozen. At the time, the International Criminal Police Organization, more commonly known as Interpol, had issued a red notice for his arrest.