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Bitcoin Reserve Linked to Fugitive Do Kwon Denies Moving Tokens

  • Reserve says hasn’t moved tokens ‘held by LFG since May 2022’
  • South Korea seeks Kwon’s arrest and is aiming to freeze assets
Do Kwon
Do KwonPhotographer: Woohae Cho/Bloomberg
Updated on

A Bitcoin reserve connected to fallen crypto entrepreneur Do Kwon denied transferring digital tokens after a trail of coin movement prompted South Korean prosecutors to take steps to freeze assets.

The reserve, the Luna Foundation Guard, said on Twitter that it “hasn’t created any new wallets or moved $BTC or other tokens held by LFG since May 2022.”