According to Digital Asset, on June 26th, the personal wallet of Do Kwon, CEO of Terraform Labs, transferred 1 million USDC to Binance via a new wallet, as confirmed by on-chain data. The media suspects that this transaction is a cash-out. Currently, this intermediate address has only had 15 transactions.
Professor Zhao Zaiyu from Seoul National University said, "Even though Do Kwon was arrested in Montenegro in March, he is still cashing out cryptocurrencies."