Swiss prosecutors freeze about $26 million in assets of Do Kwon, others

According to Digital Asset, Swiss prosecutors recently froze Do Kwon, CEO of Terraform Labs, CHANG JOON HAN, former CEO of Chai Corporation, Nicholas Platias, former head of the TFL research team, and about $26 million in assets of Terraform Labs, including Bitcoin. The assets are stored in Zurich, Switzerland-based digital asset bank Signum, and the size of the frozen assets is almost twice the size of assets previously disclosed by South Korean prosecutors. Foresight News previously reported that Dan Sunghan, director of the Financial Crime Investigation Bureau of the Seoul Southern District Court, said in an interview on June 8 that Do Kwon and others held more than 13 million US dollars in funds.