Do Kwon ‘Cashed out $2.8m Worth of USDT & LUNC’ Before Montenegro Bail Release
The Terraform Labs Co-founder and CEO Do Kwon reportedly “cashed out” $2.8 million worth of crypto before being released on bail in Montenegro on Friday. Per TVChosun and South Korea’s Economist, multiple sources claimed...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Per TVChosun and South Korea’s Economist, multiple sources claimed that around $500,000 worth of Tether (USDT) was withdrawn from a wallet widely believed to be Kwon’s some seven days ago.
The same sources claimed that some 2.39 million Terra Luna Classic (LUNC) coins were withdrawn, also from a Kwon-linked wallet....
Read More: Do Kwon ‘Cashed out $2.8m Worth of USDT & LUNC’ Before Montenegro Bail Release
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
MEXC Releases October 2026 Proof of Reserves, Reinforcing User Trust Through Verifiable Transparency
Mutsamudu, Comoros, October 16, 2026 – MEXC, a pioneer in 0-fee digital asset trading, has released its October 2026 Proof of Rese...
Bitcoin ETF Records $260 Million Outflows, Led by Fidelity and BlackRock
US spot Bitcoin ETFs recorded $261.4 million in net outflows on October 14, led by Fidelity’s FBTC with $152.7 million withdrawn a...
Judge Rejects Gemini And CFTC Bid To Overturn $5 Million Settlement
TL;DR: A federal judge has rejected a joint attempt by Gemini and the Commodity Futures Trading Commission to overturn the exchang...
Ether ETFs Lose $320 Million, Overtaking Bitcoin's Weekly Outflows
Five crypto ETF groups tracked by Farside lost $610.7 million during Oct. 12–16, while bitcoin withdrawals slowed 66% from the pre...
Bitcoin ETFs post $82.39 million in net outflows as Ethereum funds shed $69.68 million
The significant outflows from Bitcoin and Ethereum ETFs indicate a cautious investor sentiment, potentially signaling a broader ma...
BlackRock sells $71.78 million in Bitcoin as ETF redemptions pile up
Institutional sentiment shifts, impacting Bitcoin's market dynamics and highlighting the influence of ETF flows on cryptocurrency...