Terraform Labs, Do Kwon Transferred More Than 10K Bitcoin Out of Platform Accounts After Collapse: SEC

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“On a periodic foundation since Might 2022, Terraform and Kwon have transferred – and proceed to switch – Bitcoin from this pockets to a monetary establishment primarily based in Switzerland and have transformed the Bitcoin to money,” the submitting mentioned, including that since June 2022, greater than $100 million was withdrawn from that Swiss financial institution.

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