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Former Cryptocurrency Tycoon Do Kwon Accused of Financial Misconduct and Evasion Tactics

Do Kwon, a former cryptocurrency tycoon from South Korea, is facing allegations of financial misconduct and suspicious movements of around $30 million in digital assets.

The Director of the Financial Crime Investigation Bureau at the Seoul Southern District Prosecution Service has accused Kwon of playing a significant role in the LUNA/USD crash last year, resulting in a multi-billion dollar loss for investors.

Kwon has also been accused of evading capture and fleeing to several countries before being apprehended in Montenegro in March. The investigators are currently attempting to trace the final destination of the diverted funds.

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