Do Kwon, the CEO of Terraform, who’s failed stablecoin project shook markets earlier this year, rejected a media claim that South Korean prosecutors had frozen his cryptocurrency assets worth 56.2 billion won or $39.6 million. “I don’t get the motivation behind spreading this falsehood – muscle flexing? But to what end?” Kwon responded to CoinDesk’s post summarizing the News1 report with a tweet on Wednesday. Kwon’s bitcoin holdings, worth a total of $67 million and stored on exchanges OKX and KuCoin, were frozen on Thursday, according to the Seoul Southern District Prosecutors’ Office. This comes after Bloomberg reported in September that Interpol, the international body that coordinates global searches for suspects, had issued a “red alert” for Kwon.