Wednesday, September 28, 2022
HomeCrypto MiningDo Kwon, LFG deny cashing out 3313 BTC

Do Kwon, LFG deny cashing out 3313 BTC

Terraform Labs co-founder Do Kwon and Luna Basis Guard (LFG) have denied reviews that the muse moved to promote 3313 BTC value over $69 million through KuCoin and OKX crypto exchanges.

Information analytics platform CryptoQuant reportedly recognized a pockets tackle created on Binance by the LFG shortly after an arrest warrant was issued for Do Kwon on Sept. 14.

By Sept. 17, the LFG had transferred a complete of 3313 BTC by means of Binance, with 1354 BTC flowing into Kucoin, whereas OKX acquired 1959 BTC.

South Korean authorities reportedly requested that the exchanges freeze the belongings. Kucoin has frozen 1354 BTC  whereas OKX is but to oblige to the request.

Do Kwon and LFG denies cashing out

The Luna Basis Guard (LFG) denied creating any new pockets tackle besides its public treasury’ tackle.  It added that it has not moved its BTC holdings for the reason that Luna ecosystem crash in Might 2022.

A reality examine into the Treasury pockets shared by the LFG reveals it accomplished its final transaction on Might 18, 2022. The pockets acquired roughly 71,000 BTC and spent 70,736 BTC. As of press time, it holds 313 BTC value roughly $5.8 million.

Do Kwon supported the LFG’s declare including that he has not used Kucoin nor OKX exchanges within the final 12 months.

Do Kwon has been accused severally of miking the Terra ecosystem. Again in June, Terra workers accused him of withdrawing some $80 million earlier than the Luna collapse.

Do Kwon additionally denied allegations that he withdrew $2.7 million from the Terra ecosystem by means of Degenbox by Abracadabra Cash.

Do Kwon wished globally

Following Interpol’s purple warrant issued in opposition to Do Kwon on Sept. 27, regulation enforcement authorities worldwide are looking out to arrest him.

Do Kwon nonetheless claims that he’s making zero effort to cover or evade arrest.



Please enter your comment!
Please enter your name here

Most Popular

Recent Comments