How much did do Kwon withdraw from Luna?

The latest LUNA updates follow on from reports that Terraform Labs employees confirmed to the SEC that Do Kwon withdrew $80 million a month prior to the LUNA and UST crash. As Fatman Terra points out $2.7 billion would be just over a month of those daily withdrawals.

Did terraform Labs co-founder do Kwon convert illicit funds into bitcoin?

According to South Korean prosecutors, Terraform Labs co-founder Do Kwon converted most of the illicit funds associated with him and his associates into Bitcoin. CoinTelegraph reports: South Korean prosecutors have identified 414.5 billion won ($314.2 million) in illicit assets associated with Terraform Labs co-founder Do Kwon and his associates.

Can do Kwon save Luna?

The value of LUNA plunged on Wednesday as Terraform Labs creator Do Kwon laid out a plan to save its sister token, the stablecoin TerraUSD (UST). In the last 24 hours, roughly $10 billion have been drained from LUNA. Its price has fallen 93% in that time from $32 to $2.25 per coin, with the price changing rapidly each minute.

Did do Kwon make profits from Terra UST and Luna collapse?

For Do Kwon, whose wife recently received police protection, there was little left to do but claim neither he nor any affiliated institutions try to earn profits by selling Terra UST and Luna during the collapse.