Do not trust Do Kwoon, he is doing exactly what a criminal that has been chased to the end of a wall will do, what do you expect him to do than to start denying that any funds belonging to him is been frozen? He knew he is guilty that's why he failed to surrender himself for proper questioning.
Actually it is a big crime. Such crimes should not exist among people.He has deceived people. He must be held accountable for this.However, he created new fraud traps with people two days in a row without creating such fraud traps later.He has created deception among people several times. People have been deceived. 
Topic: South Korea Reportedly Freezes Do Kwon's Crypto Worth $40M — Luna Founder Says t (Read 187 times)
October 06, 2022, 07:07:05 PM
October 06, 2022, 06:22:06 PM
I wouldn't trust any Do Kwon's words because he wasn't transparent at the funds, I think he didnt provide any proof that funds were used to try to save the crash but instead most of the funds were moved to big exchanges and he only used a tweet that funds were used to peg UST but no blockchain link.
I hope he goes into jail because of the lives that he ruined and he doesn't take responsibility for anything, He got what he deserve for being too cocky.
blockchain doesnt lie, his a thief. He has funds in S.Korean exchanges
https://cointelegraph.com/news/42-5k-btc-reportedly-moved-from-luna-foundation-guard-wallet-as-ust-peg-crumbles
We will have to see how this whole story evolves, it should be very obvious to anyone which is not a fanatic of Kwon that he is in fact guilty, however I do not know how harsh the law at Korea can be, I say this because I have seen many scandals about executives stealing fortunes from different companies and they receive very little time behind bars, so not only I hope a great deal of money is recovered so investors get some of the money they lost back, but I also expect that Kwon never has the chance of becoming a free man ever again.I hope he goes into jail because of the lives that he ruined and he doesn't take responsibility for anything, He got what he deserve for being too cocky.
blockchain doesnt lie, his a thief. He has funds in S.Korean exchanges
https://cointelegraph.com/news/42-5k-btc-reportedly-moved-from-luna-foundation-guard-wallet-as-ust-peg-crumbles
it is only a matter of time to see how hard is the SK government to their people who rob funds from their investors. if DK is denying any of those frozen funds, then, maybe, he has other minions taking care of his riches. i don't think he will use only one account if in case they register to top exchanges.
what i do like to happen here is admit that luna is a failure and don't make any more new coins just to cover their mistakes. and people should forget this another failed project. don't hype if there is no more reason to support this project, as newbies will only be deceived by false marketing.
October 06, 2022, 06:15:36 PM
I wouldn't trust any Do Kwon's words because he wasn't transparent at the funds, I think he didnt provide any proof that funds were used to try to save the crash but instead most of the funds were moved to big exchanges and he only used a tweet that funds were used to peg UST but no blockchain link.
I hope he goes into jail because of the lives that he ruined and he doesn't take responsibility for anything, He got what he deserve for being too cocky.
blockchain doesnt lie, his a thief. He has funds in S.Korean exchanges
https://cointelegraph.com/news/42-5k-btc-reportedly-moved-from-luna-foundation-guard-wallet-as-ust-peg-crumbles
We will have to see how this whole story evolves, it should be very obvious to anyone which is not a fanatic of Kwon that he is in fact guilty, however I do not know how harsh the law at Korea can be, I say this because I have seen many scandals about executives stealing fortunes from different companies and they receive very little time behind bars, so not only I hope a great deal of money is recovered so investors get some of the money they lost back, but I also expect that Kwon never has the chance of becoming a free man ever again. I hope he goes into jail because of the lives that he ruined and he doesn't take responsibility for anything, He got what he deserve for being too cocky.
blockchain doesnt lie, his a thief. He has funds in S.Korean exchanges
https://cointelegraph.com/news/42-5k-btc-reportedly-moved-from-luna-foundation-guard-wallet-as-ust-peg-crumbles
October 06, 2022, 05:46:32 PM
I've read about Do Kwon tweet that he has denied the news because he doesn't have any assets on either exchange, so we know the truth because the media has to prove Do Kown's funds have been frozen. I've been following Do Kown twitter account but he's not into panic over the police attempt to arrest him if his whereabouts are known, but if he didn't do anything wrong he should be able to solve the case.
October 06, 2022, 05:35:28 PM
I don't believe De Kwoon. He has shown that he cannot be trusted from numerous utterances he made and I daresay he is lying and in hiding right now. If not, why hasn't he turned himself in to the local police in South Korea? That's my point here
This is why he is facing a legal problems now, and freezing his asset might be a big help to solve this case and hopefully DK will cooperate and answer all those legal issues for the benefit of this scandalous dump with his project before. It’s good to see Korean government doing their part to take legal actions, let’s just see how this case will go and see if DK is really guilty for all the accusation. 
October 06, 2022, 05:28:14 PM
I wouldn't trust any Do Kwon's words because he wasn't transparent at the funds, I think he didnt provide any proof that funds were used to try to save the crash but instead most of the funds were moved to big exchanges and he only used a tweet that funds were used to peg UST but no blockchain link.
I think those funds aren't to save UST but to put it on his pocket. They were monitored and got caught along the process that prevent them from pocketing the amount. The rumors of Terra labs having a connection to the downfall of UST is getting stronger as the case progressess.
I hope he goes into jail because of the lives that he ruined and he doesn't take responsibility for anything, He got what he deserve for being too cocky.
If he is really guilty as charged then, by all means, let him rot to jail but if he is also a victim of the manipulation of "higher ups" then poor him.
blockchain doesnt lie, his a thief. He has funds in S.Korean exchanges
https://cointelegraph.com/news/42-5k-btc-reportedly-moved-from-luna-foundation-guard-wallet-as-ust-peg-crumbles
https://cointelegraph.com/news/42-5k-btc-reportedly-moved-from-luna-foundation-guard-wallet-as-ust-peg-crumbles
Looks like Do Kwon is denying facts to minimize the effect of the authority's action to his creation.
Still surprising that people do still dive in with that LUNC which you would really be having those questions on mind on how the heck they do never ever learn? We've seen the worst on which the price had dropped 100% into its ATH and now 2.0 had been created but still people do really decide on buying it.What on earth they do have that kind of consideration? as for Do Kwon then its true that these scammers would just eventually be bailing out and since they do have the money then they would able to do so.
Its time for those scammers to face up these consequences but of course i wont be surprised that he would able to get away and resolved this one.
Its time for those scammers to face up these consequences but of course i wont be surprised that he would able to get away and resolved this one.
We really don't know if people are really into investing on the Terra Luna, I believe the volume is created by wash trading and the price is heavily manipulated to create a sense of hype and eventually it will get dumped.
October 06, 2022, 05:19:13 PM
Rich peeps don’t go to jail, they just manage their bail! This scam head might be roaming around but he won’t be relaxed for very long time. With the time he will loose the followers, he will loose the investor base and thus huge sell off will happen one more time. All he did was lure investors with low valued coin and made them believe in it and it’s so called $1 dreamy price. Still that man managed to create another version of it. I am pretty sure he is not in the good state of mind. If peeps are still investing into him then it’s time to leave this earth. 
In fact we should not be even taking his name, he destroyed many investors on that night.
Still surprising that people do still dive in with that LUNC which you would really be having those questions on mind on how the heck they do never ever learn? We've seen the worst on which the price had dropped In fact we should not be even taking his name, he destroyed many investors on that night. 100% into its ATH and now 2.0 had been created but still people do really decide on buying it.What on earth they do have that kind of consideration? as for Do Kwon then its true that these scammers would just eventually be bailing out and since they do have the money then they would able to do so.
Its time for those scammers to face up these consequences but of course i wont be surprised that he would able to get away and resolved this one.
October 06, 2022, 05:13:18 PM
the guy is a liar and a thief, and precisely because he is a liar and a thief he knows very well that he shouldn't keep his coins in the exchange for that reason I believe he didn't leave any coins in the exchange, he may be telling the truth, because would he leave coins on the exchange knowing that they could easily freeze those funds once he is expensive and wanted by the police? it doesn't make sense, the guy must have his coins in his wallet and maybe withdraw when he needs to. this journalist or news channel needs to post more solid evidence that he had coins on the exchange and they were Freezes
October 06, 2022, 04:45:17 PM
Who would have thought the founder of tera luna, a project many crypto enthusiasts hold in high esteem will turned out to be a scammer and an outlaw. This is pretty messed up.
If this assets that gotten frozen truly belong the Do Kwon what will the authorities do with it? Between I think this is just a tiny part of what that criminal successfully squeeze from crypto investors who trusted him.
If this assets that gotten frozen truly belong the Do Kwon what will the authorities do with it? Between I think this is just a tiny part of what that criminal successfully squeeze from crypto investors who trusted him.
October 06, 2022, 04:03:08 PM
Well if ever they seized that money then that's fine. The man cannot be trusted with money, and that money he made from scheming and luring people in to LUNA should be given back to those he 'scammed' one way or another. I do not feel pity that he lost that much on exchanges. He probably got a lot of other accounts or wallets wherein he hid his money too, so that should have not been his entire stash.
Would be interested if they managed to somewhat get a lot more from him. This guy surely has a lot more money than this, that's for sure.
Would be interested if they managed to somewhat get a lot more from him. This guy surely has a lot more money than this, that's for sure.
October 06, 2022, 02:33:43 PM
I don't believe De Kwoon. He has shown that he cannot be trusted from numerous utterances he made and I daresay he is lying and in hiding right now. If not, why hasn't he turned himself in to the local police in South Korea? That's my point here
October 06, 2022, 01:22:27 PM
Rich peeps don’t go to jail, they just manage their bail! This scam head might be roaming around but he won’t be relaxed for very long time. With the time he will loose the followers, he will loose the investor base and thus huge sell off will happen one more time. All he did was lure investors with low valued coin and made them believe in it and it’s so called $1 dreamy price. Still that man managed to create another version of it. I am pretty sure he is not in the good state of mind. If peeps are still investing into him then it’s time to leave this earth. In fact we should not be even taking his name, he destroyed many investors on that night.
In fact we should not be even taking his name, he destroyed many investors on that night. 
October 06, 2022, 12:58:25 PM
Wow my first time to see do kwon got seized by regulators. that guy is still having a lot of money on his pockey. Im sure if that's only a small amounts that got discovered by regulators. Just wanna see how much money that is still owned by do kwon.
I do believe to kwon is still owning lots of money. He was selling a lot of bitcoin.
I do believe to kwon is still owning lots of money. He was selling a lot of bitcoin.
October 06, 2022, 12:35:12 PM
https://cointelegraph.com/news/south-korean-foreign-ministry-orders-do-kwon-to-return-his-passport
South Korean foreign ministry orders Do Kwon to return his passport
"Do Kwon, who has been named in an Interpol notice and an arrest warrant, has not been cooperative with the investigative agencies.
South Korea’s Ministry of Foreign Affairs on Oct. 6 issued an order for Terraform Labs CEO Do Kwon to surrender his passport.
The fugitive co-founder must hand over his Korean passport to authorities within 14 days of the order. Failure to comply will result in the cancellation of his passport altogether and the rejection of requests for reissuance in the future."
South Korean foreign ministry orders Do Kwon to return his passport
"Do Kwon, who has been named in an Interpol notice and an arrest warrant, has not been cooperative with the investigative agencies.
South Korea’s Ministry of Foreign Affairs on Oct. 6 issued an order for Terraform Labs CEO Do Kwon to surrender his passport.
The fugitive co-founder must hand over his Korean passport to authorities within 14 days of the order. Failure to comply will result in the cancellation of his passport altogether and the rejection of requests for reissuance in the future."
October 06, 2022, 12:14:26 PM
I have often heard that there is always some element of truth to any rumour started. Maybe Do Kwon is just trying to save face by denying the reports of his frozen assets to the public, but it is pointless because him being already under serious investigation and with all the issues around him is bad to his image and any project he may decide to start if the investigations find him guilty.
October 06, 2022, 11:16:22 AM
The South Korean authorities should be sure this asset actually belongs to Do Kwon before making any public statement. Do Kwon is denying the ownership of the alleged asset means either he is laying or the Sk authorities where misinformed by kucoin and okx. And then, why will these two exchange agree to freez an asset which they are not sure belong to Kwon?
Kwon project has done a lot of damage to the tera community that freezing $40m worth of his crypto assets (if this is true) is not a justification. There is no way they will use the asset to compensate the victims of luna crash so i don't actually see the point of the freezing.
Kwon project has done a lot of damage to the tera community that freezing $40m worth of his crypto assets (if this is true) is not a justification. There is no way they will use the asset to compensate the victims of luna crash so i don't actually see the point of the freezing.
October 06, 2022, 10:05:57 AM
Whether or not the report is true doesn't matter; no one should be keeping that amount of money in a wallet owned and controlled by a third party.
- Not your keys; not your coins.
- Not your keys; not your coins.
An old saying but still very, very relevant. Newbies don’t know this when they first come into crypto though do they. There needs to be information very easily accessible to newbies. Exchanges are never going to highlight are they because they want users to store their crypto on their exchanges. It’s a very expensive lesson for some people as the first time they know the meaning of ‘not your keys’.
As for Do Kwon, I hope he spends a very long time in jail, you can not get away with ruining lives like he has:
October 06, 2022, 07:52:56 AM
I've seen the same situation from the corrupt officials and it's like even it's allegedly pointed to them, the first thing for them to say is to deny all allegations and accusations against them.
It's the first rule from the accused people so that there won't be additional sanctions and cases that will be filed against them.
No matter how hard he try to deny that he's not using those exchanges and it's not his funds, the authorities have the proof of it before they will file a report to their offices and medias.
It's the first rule from the accused people so that there won't be additional sanctions and cases that will be filed against them.
No matter how hard he try to deny that he's not using those exchanges and it's not his funds, the authorities have the proof of it before they will file a report to their offices and medias.
October 06, 2022, 06:48:16 AM
It seems that this issue will interact for a long time, just as happened with MTGOX's hack.
The strange aspect is the attempt to transfer this money and at this time, the lawsuits are still under investigation and therefore it is stupid to move such money or try to sell it without anything being noticed.
In general, I do not follow all the details of the case, but I think that Do Kwon is a liar after all that happened and the chaos he left in the market.
The strange aspect is the attempt to transfer this money and at this time, the lawsuits are still under investigation and therefore it is stupid to move such money or try to sell it without anything being noticed.
In general, I do not follow all the details of the case, but I think that Do Kwon is a liar after all that happened and the chaos he left in the market.
October 06, 2022, 06:32:31 AM
Do not trust Do Kwoon, he is doing exactly what a criminal that has been chased to the end of a wall will do, what do you expect him to do than to start denying that any funds belonging to him is been frozen? He knew he is guilty that's why he failed to surrender himself for proper questioning.
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