1 year ago
Terraform Labs co-founder Do Kwon and Luna Foundation Guard (LFG) person denied reports that the instauration moved to merchantability 3313 BTC worthy implicit $69 cardinal via KuCoin and OKX crypto exchanges.
Data analytics level CryptoQuant reportedly identified a wallet code created connected Binance by the LFG soon aft an apprehension warrant was issued for Do Kwon connected Sept. 14.
By Sept. 17, the LFG had transferred a full of 3313 BTC done Binance, with 1354 BTC flowing into Kucoin, portion OKX received 1959 BTC.
South Korean authorities reportedly requested that the exchanges frost the assets. Kucoin has frozen 1354 BTC portion OKX is yet to oblige to the request.
Do Kwon and LFG denies cashing out
The Luna Foundation Guard (LFG) denied creating immoderate caller wallet code but its nationalist treasury’ address. It added that it has not moved its BTC holdings since the Luna ecosystem clang successful May 2022.
The LFG treasury’s $BTC wallet is:
bc1q9d4ywgfnd8h43da5tpcxcn6ajv590cg6d3tg6axemvljvt2k76zs50tv4q
LFG hasn’t created immoderate caller wallets oregon moved $BTC oregon different tokens held by LFG since May 2022.@CoinDesk @iamsandali @cryptoquant_com https://t.co/VFN8A4mJRo
— LFG | Luna Foundation Guard (@LFG_org) September 27, 2022
A information cheque into the Treasury wallet shared by the LFG reveals it completed its past transaction connected May 18, 2022. The wallet received astir 71,000 BTC and spent 70,736 BTC. As of property time, it holds 313 BTC worthy astir $5.8 million.
Do Kwon supported the LFG’s assertion adding that helium has not utilized Kucoin nor OKX exchanges successful the past year.
What has been astir apt the astir astonishing successful each this is the magnitude of misinformation that gets spread.
There is nary “cashout” arsenic alleged, one havent utilized kucoin oregon okex successful astatine slightest the past year, and nary funds of tfl, lfg oregon immoderate different entities person been frozen. https://t.co/E1cbKgoqQz
— Do Kwon 
(@stablekwon) September 28, 2022
Do Kwon has been accused severally of miking the Terra ecosystem. Back successful June, Terra employees accused him of withdrawing immoderate $80 million earlier the Luna collapse.
Do Kwon besides denied allegations that helium withdrew $2.7 million from the Terra ecosystem done Degenbox by Abracadabra Money.
Do Kwon wanted globally
Following Interpol’s reddish warrant issued against Do Kwon connected Sept. 27, instrumentality enforcement authorities worldwide are connected the lookout to apprehension him.
Do Kwon nevertheless claims that helium is making zero effort to fell oregon evade arrest.
The station Do Kwon, LFG contradict cashing retired 3313 BTC appeared archetypal connected CryptoSlate.
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