Terraform Labs founder Do Kwon reportedly took out 9.64 Bitcoins ($120,000) from the Luna Foundation Guard (LFG) after entering Serbia.
When TerraUSD and Luna fell to zero in May, the cryptocurrency industry was rocked, with billions of dollars in virtual assets disappearing overnight.
A South Korean court issued an arrest warrant for Kwon in September after charges of fraud by Terraform Labs’ investors.
Kwon persists in denying and evading justice on social media. Kwon said in October that he thought the allegations against him were politically motivated.
Korean media: #DoKwon cashed out in Serbia, transferred 9.64 BTC from #LFG wallet
