China News Official TheBitTimes.com

Terra Do Kwon Selling LFG-Linked Bitcoin? While Do Kwon remains imprisoned in Montenegro, his affiliates in control of his wallets moved 239 BTC from 5292 BTC linked to Luna Foundation Guard, reported Digital Asset that claims to tracking wallets belonging to TFL, LFG, and Do Kwon . advertisement CoinGape Media reported that Do Kwon or his affiliates transferred all remaining 5292 BTC worth $163 million from a Binance wallet of the Luna Foundation (LFG) to an unknown wallet on July 3. According to on-chain data, the wallet address “bc1qs6” now has 5053.26 BTCs worth $146 million after a transfer to “bc1q42.” The US Securities and Exchange Commission (SEC) said Do Kwon and TFL secretly transferred 10,000 BTC to a cold wallet after the Terra-LUNA crisis. Do Kwon continue to transfer Bitcoin from the cold wallet to crypto bank Sygnum and cashed out millions until now. Recommended Articles ...

Also Read: Binance Burns Binance Coin (BNB) Worth $480 Million advertisement Will TFL Get New Direction? According to the announcement, former Chief Operating Officer of TFL, Chris Amani will be the interim CEO of the blockchain firm. It is expected that Amani will accelerate Terraform Labs’ operations amid the ongoing crisis in the company. Chris Amani, the interim CEO of TFL holds broad experience in managing global tech companies. He had served as CEO at Humanity and held director positions in companies like MongoDB, Electronic Arts, and Zynga. Read More LUNC News Here… Revival Of Terraform Labs? Amani stated that recent times have been a challenging year for Terra as its stablecoin UST deppeged. TFL and Terra community has shown signs of revival. However, the community has opted and voted to rebuild Terra, and this time without algorithmic stablecoins. Recommended Articles ...