The South Korean court has determined that Do Kwon's criminal proceeds amount to 233.3 billion won and has approved the pre-trial preservation of his assets

According to ChainCatcher news, the South Seoul District Court judge recently accepted the prosecution's request for pre-trial preservation of assets belonging to Terra co-founder Do Kwon, as reported by the Korea Economic Daily. Pre-trial asset preservation refers to freezing the criminal proceeds or property of a suspect until a guilty verdict is determined. The court found that Do Kwon's criminal proceeds amount to 233.3 billion won (approximately 176 million USD).

As the court accepted this request, Do Kwon is prohibited from selling the mixed-use apartment building "Galleria Foret" located in the Seongdong District of Seoul, a new office building in Nonhyeon-dong, and imported cars. However, the securities stored in future asset securities, deposits held at Woori Bank, and cryptocurrencies stored in exchanges cannot be disposed of. Requests to recover and preserve other financial assets were dismissed. (Source link)