Korean Prosecutors Seek Crypto Millions Tied to Do Kwon and Luna

Fallen crypto impresario Do Kwonhas funneled tens of millions of dollars out of an entity linked to his failed blockchain project since he was arrested in late March, South Korean prosecutors alleged.

The $29 million worth of digital tokens were likely moved by Kwon personally or at his direction, Dan Sunghan, director of the financial crime investigation bureau at the Seoul Southern District Prosecution Service, said in an interview with Bloomberg News.

WATCH: Dan Sunghan, director of the financial crime investigation bureau at the Seoul Southern District Prosecution Service, spoke to Bloomberg.

Source: Bloomberg

Korean authorities are trying to determine the whereabouts of the assets, which were transferred from a crypto wallet belonging to Kwon’s Luna Foundation Guard (LFG), ...