The Luna Foundation Guard (LFG) has transferred a total of 3,313 Bitcoins to cryptocurrency exchanges after the issuance of an arrest warrant for Terraform Labs CEO Do Kwon.
Due to the collapse of the Terra ecosystem and the UST algorithmic stablecoin, almost all digital currencies collapsed in May. The result of turbulence in the crypto sphere was the loss of investors, which exceeded $40 billion.
After that, law enforcement agencies began investigating the activities of Terraform Labs related to the development of the Terra project.
The LFG fund, which is also controlled by Do Kwon, has been selling Bitcoin since May. Then it sold more than 80,000 BTC. Almost all of these coins have acquired whale purses.
Following the release of the arrest warrant for Do Kwon, the Luna Foundation Guard sent another 3,313 BTC to ti Kucoin and OKX exchanges.
