Terra founder Do Kwon said on Twitter that the report about his crypto assets being frozen by South Korean prosecutors is "falsehood". He also said, "I don't even use Kucoin and OkEx, have no time to trade, no funds have been frozen. I don't know whose funds they've frozen, but good for them, hope they use it for good."
Previously, Korean media outlet News1 reported that prosecutors in the country had frozen around $39.6m of crypto assets belonging to Do Kwon.