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South Korean prosecutors allege that Do Kwon, a key figure in the cryptocurrency world, converted illicit funds from LUNA to Bitcoin in private. This action is part of a process known as 'layering' in the financial world, which involves concealing the origins of illicit funds through complex financial transactions. The prosecutors' accusation suggests that Do Kwon may have attempted to obscure the illegal source of the funds by converting them from LUNA to Bitcoin.

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