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Do Kwon, the Founder of Terra, Cashes out Bitcoins in Serbia

Do Kwon, the Founder of Terra, Cashes out Bitcoins in Serbia

  • 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.
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