3,313 Bitcoin Transfer After Do Kwon's Arrest Warrant: What Happened?
The crypto world was set abuzz when news broke of a significant Bitcoin transfer coinciding with the arrest warrant issued for Terraform Labs CEO, Do Kwon. Reports indicate that 3,313 Bitcoin, linked to the Luna Foundation Guard (LFG), were moved shortly after the warrant was issued on September 14th.
The Timeline: Arrest Warrant and Bitcoin Movement
Following the South Korean authorities' move to issue an arrest warrant for Do Kwon, the CEO of Terraform Labs, scrutiny intensified around the LFG's Bitcoin holdings. 27 de sept. de 2025 Indeed, shortly after the news broke out of South Korean prosecutors issuing an arrest warrant for the Terra CEO, around 3,313 BTC were suddenly transferred, raising questions about the purpose and destination of these funds.
While the exact motivation behind the transfer remains unclear, the timing is undoubtedly significant. According to various sources, On September 14th, after South Korean authorities issued an arrest warrant against Do Kwon, 3,133 bitcoins were moved from a Luna Foundation Guard Wallet to two crypto exchanges. Discrepancies in the exact amount exist in initial reports, but the core information remains the same: a substantial Bitcoin movement occurred in the immediate aftermath of the arrest warrant.
LFG and the Bitcoin Transfer
The Luna Foundation Guard (LFG) played a key role in the Terra ecosystem. 27 de sept. de 2025 The Luna Foundation Guard (LFG) transferred some 3133 Bitcoin (BTC) last week following an arrest warrant for Terraform Labs CEO Do Kwon issued by South Korean authorities. This large-scale transfer has prompted further investigation into the LFG's asset management practices and its relationship with Do Kwon. It also caused South Korean prosecutors to act fast.
Frozen Assets: KuCoin and OKX Involvement
In a related development, South Korean prosecutors have taken steps to secure assets potentially linked to Do Kwon and the LFG. 27 de sept. de 2025 South Korean prosecutors have reportedly asked KuCoin and OKX to freeze $67 million worth of Bitcoin associated with Do Kwon and LFG. The funds were allegedly transferred to these exchanges. The request highlights the seriousness of the investigation and the authorities' efforts to prevent the dissipation of assets.
Overseas Virtual Asset Transfer
The complexity of the situation is heightened by the fact that the transferred Bitcoin reportedly moved to overseas virtual asset accounts. 28 de sept. de 2025 After the warrant for CEO Kwon Do-arrest was issued in September, he abruptly transferred approximately 3313 BTC (Bitcoin) to two overseas virtual asset platforms, adding another layer to the ongoing investigation. Tracking and recovering these assets across international borders will undoubtedly present a significant challenge to law enforcement.
Ongoing Investigation
The transfer of 3,313 Bitcoin following Do Kwon's arrest warrant remains a central point of investigation. Authorities are working to determine the purpose of the transfer, the intended recipients, and whether any illicit activities were involved. The situation is rapidly evolving, and further updates are expected as the investigation progresses. Stay tuned for more developments on this developing story.