Terraform Labs CEO and co-founder Do Kwon has moved $250,000 worth of USDC to a mysterious account, according to the most recent on-chain data.

Kwon, the brash crypto executive, is reportedly moving his money covertly, which critics say is practical to finance a "life on the run."

The address 0xda44200196cfb3416bf011eed608f354804337ba, which allegedly belongs to the TFL CEO, sent a whopping $250,000 in USDC to another wallet Tuesday, according to the data by block explorer and analytics platform Etherscan.

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A man passes an Interpol logo at the organization's Global Complex for Innovation, a research and development facility in Singapore, Sept. 30, 2014. Edgar Su/Reuters

The transaction was spotted by Hansung University's assistant professor and blockchain technology proponent Jaewoo Choo. Following the transfer, the said wallet had more than a $30 million balance in ETH and USDC.

FatManTerra, an outspoken critic of Kwon, commented about this in a series of tweets. "To be clear, this is just one wallet and a personal wallet at that. The vast majority of cashouts happened through TFL-denoted accounts, not shadow wallets, so this amount is likely a drop in the bucket," one of the tweets stated, highlighting that the crypto executive is not penniless as he had led people to believe.

"Life on the run must be demanding. Are his main accounts being monitored," the critic said in another tweet.

In an interview with The Wall Street Journal in June, Kwon said he had lost almost all of his money in Terra's implosion. He also made a reference to a large wager and loss on the Terra project online before that interview.

Lately, the TFL executive has been mumbling about a lot of things. Among them is the claim that he is "not on the run" and that his team is cooperating with South Korean authorities. However, it appears that Kwon is no longer in Singapore. Following South Korea's request to revoke his passport and include his name in Interpol's red notice list, he has gone radio silent on Twitter.

Currently, Kwon is nowhere to be found.

International Business Times had reached out to TFL's representative for comments when we released the article about South Korea's red notice request to Interpol but have not yet received any response. We will update this story as soon as we hear from Kwon's camp.

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