Swiss prosecutors freeze assets worth around $26 million belonging to Do Kwon.

According to a report from Korean media Digital Asset on June 25th, Swiss prosecutors recently froze the assets of Do Kwon, co-founder of Terraform Labs (TFL), totaling approximately $26 million, including Bitcoin. These assets were stored in Sygnum, a digital asset bank in Zurich, Switzerland, and were owned by Do Kwon, former CEO of Chai Corporation Chang-joon Han, former head of TFL's research team Nicholas Platias, and TFL itself. The frozen assets are almost twice the size of the assets recently disclosed by Korean prosecutors to foreign media. BlockBeats previously reported that on June 19th, Do Kwon was sentenced to four months in prison in Montenegro for forging a passport.