TechFlow News, according to KSB NEWS, it has been confirmed that since May 16, approximately 2.86 billion South Korean won ($2.15 million) worth of cryptocurrency has been transferred from the wallet of Terraform Labs CEO Do Kwon. On May 16, the Montenegrin Prosecutor's Office appealed the court's decision to approve his bail. The report suggests this transfer might have been carried out with assistance from an accomplice helping Do Kwon, who is currently in prison.
Earlier, after a Montenegrin court approved Do Kwon’s bail upon payment of 400,000 euros, prosecutors filed an appeal. As a result, Do Kwon remains in custody.
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