South Korean prosecutors try to freeze $13 million held by Swiss banks linked to Do Kwon

South Korean prosecutors are trying to freeze $13 million held by Swiss banks tied to Terraform Labs co-founder Do Kwon after Do Kwon transferred tens of millions of dollars from entities linked to the Terra project since late March, according to Bloomberg. During the transfer, Dan Sunghan, head of the Seoul Southern District Court’s Financial Crime Investigation Bureau, said in an interview that the $29 million worth of cryptocurrencies was likely transferred by Do Kwon himself or at his direction.