Do Kwon Transferred 239 BTC From Wallet That Held 5,292 BTC

Recently, there has been a movement of a large amount of Bitcoin ($BTC), which was transferred by the founder of Terraform Labs (TFL) Do Kwon. Kwon is still imprisoned in Montenegro on an extradition case, and his accomplices, who have yet to be arrested, appear to be in control of the bitcoins in question.

On August 4, approximately 239 $BTC (9.235 billion won) was withdrawn from Wallet A, where 5,292 $BTC were stored on the Do Kwon side, and transferred to a new wallet, Wallet B. In addition, it was confirmed that all 5,292 $BTC (approximately 204.5 billion won) remaining in the LFG Binance wallet was transferred to the new wallet on July 3, and the receiving wallet was named wallet A. It was also confirmed that some of the bitcoins stored in wallet A were moved in about a month.

239 $BTC moved on August 4 went through 4 transit wallets until it was transferred from wallet A to wallet B, a process that took 45 minutes from 2:00 on August 5. Binance's LFG wallet, which initially held 5292 $BTC, was first discovered by global media in November 2022 and tracked related transactions. When this wallet was first found in November 2022, it contained about 6,983 $BTC (about 270 billion won).

Image: Bitcoinist