The U.S. Department of Justice (DOJ) is announcing a plan to seize millions of dollars worth of crypto that was allegedly gained from the sales of illegal narcotics. In a new press release, the DOJ says it has filed a forfeiture action against $54 million in crypto assets that can be traced to an illegal […]
The post DOJ Announces Plan To Control $54,000,000 in Crypto Allegedly Obtained in Illegal Narcotics Scheme appeared first on The Daily Hodl.
According to a local report, South Korean prosecutors have been given the green light by the Criminal Division of the Seoul Southern District Court to seize assets owned by Do Kwon, the co-founder and former CEO of Terraform Labs. The report discloses that a total of 233.3 billion won ($176 million) worth of assets have […]
According to a report by South Korean news publication KBS, Do Kwon, the co-founder of Terraform Labs, has converted a “large part” of his assets into bitcoin. Prosecutors in South Korea believe that Kwon’s purported bitcoin stash was transferred to an international exchange. Report Says Do Kwon Allegedly Sold a ‘Large Part’ of His Assets […]