Do Kwon's Assets Frozen, Lawyers Propose Bail Ahead of Trial.

South Korean courts have frozen $2 billion worth of assets tied to Do Kwon, the CEO of Terraform Labs, as part of an investigation into the collapse of cryptocurrencies Terra Classic and Luna Classic. Kwon is facing criminal charges in the United States and is awaiting trial in Montenegro for passport fraud charges. The asset freeze prevents Kwon from disposing of assets or profits obtained through criminal activities. The frozen assets include luxury cars, apartments, financial holdings, and cryptocurrencies held in various exchanges.