Greater than two years have handed because the Terra-UST crash, which precipitated 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 continues to be ongoing.
Whereas it isn’t but clear whether or not Do Kwon will likely be extradited to South Korea or america, it was said that 1,075 BTC was transferred from a pockets belonging to Kwon to an nameless account.
In accordance with 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 most recent switch is reported to be the third time that BTCs have been moved from this pockets.
Whereas the final switch occurred 4 months in the past, Digital Asset said that it has been following Do Kwon’s wallets since November 2022, and evaluated that these wallets might belong to the identical particular person, Do Kwon.
*This isn’t funding recommendation.
