Date: 2023-06-05T15:50:08Z Creator: Bitfolio Academy
The most wanted man in crypto, Do Kwon, is out on bail in Montenegro. But will $400,000 be enough to keep the notorious businessman behind bars? I doubt it.
In 2022, 114 billion dollars was lost from decentralized finance in just three months after the Terra Luna crash. Fatman claims that Do Kwon stashed away 2.7 billion dollars worth of USDT and USDC, just 3 months before the collapse. Employees of Terraform Labs even told SEC investigators that Do Kwon would illegally send 80 million of company money to his own wallets, monthly.
Do Kwon had been on the run for over a year, before he was finally caught in March with a fraudulent passport from Costa Rica. Will this notorious crypto billionaire flee with just a $400,000 bail? Can the justice system prevail? Or will the most wanted man in crypto escape punishment?
Let me know in the comments. 🤔
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