US SEC: Do Kwon and Terraform Transferred Over 10,000 Bitcoin and Cashed Out $100 Million Through Swiss Bank

February 17th TuoniaoX.com news, the US Securities and Exchange Commission (SEC) stated that Do Kwon and his company transferred over 10,000 Bitcoin from the project and converted some of these tokens into cash through a Swiss bank. According to the indictment, Do Kwon and Terraform Labs stored over 10,000 Bitcoin in a cold wallet. Since May last year, they regularly transferred Bitcoin from the wallet, sending the assets to a Swiss bank and converting the tokens to cash.