Odaily Planet Daily News: South Korean prosecutors said Do Kwon had converted illegal funds from LUNA to Bitcoin. These operations used overseas cryptocurrency exchanges instead of direct physical asset investments. It is reported that South Korean regulators have asked Binance to stop any withdrawal requests related to Do Kwon. Binance also confirmed that they are cooperating with South Korean prosecutors and providing any help they need. Earlier news, South Korean prosecutors stated that nine former and current executives of Terraform Labs illegally raised at least 414.5 billion won (about 314.2 million US dollars) from the project, of which about 91.4 billion won belonged to the company's CEO Do Kwon, but confirmed that none of his assets were under the jurisdiction of South Korea. (Cointelgraph)