South Korea Prosecutors Freeze $176m Assets of Terra’s Do Kwon

Seoul Southern District Court partially approved prosecutors’ request to freeze assets of Terraform Labs co-founder Do Kwon, the court and Seoul Southern District Prosecutors’ Office say in text messages, confirming a report by Korea Economic Daily.

• Korea Economic Daily earlier reported, citing sources, that total ~233b won of assets, including his house in Seoul, an imported luxury car, securities at a brokerage firm, money deposits at a bank and cryptocurrencies at domestic crypto exchanges, were frozen
• Some other financial assets owned by Kwon were excluded from seizure as the court decided against it, citing the possibility of an ...