LFG denied withdrawing $67M after Terra’s founder became wanted.
Blockchain data shows the foundation carried out the transactions by proxy.
The wallets that transferred the 3,133 BTC were active during UST de-pegging.
Contrary evidence has surfaced, confirming that Luna Foundation Guard (LFG) attempted to withdraw $67 million worth of Bitcoin (BTC) a day after its founder was declared wanted.
Last month, a report said South Korean authorities ordered the KuCoin and OkEx exchanges to freeze 3,133 BTC tied to the controversial Terra LUNA founder, Do Kwon. However, LFG called the information false, adding that it had never created a new wallet nor moved Bitcoin (BTC) since May 2022.
Interestingly, blockchain transaction histories published by OXT Research on Twitter told a different story. The tweet noted that while it may be true that the LFG’s official wallet has made no transactions recently, the foundation carried out the disputed transfers by proxy.
To boost the reserves for its...
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