HomeNewsDo Kwon, LFG deny cashing out 3313 BTC

Do Kwon, LFG deny cashing out 3313 BTC


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Terraform Labs co-founder Agree with Do Kwon and Luna Foundation Guard (LFG) have denied reports that the foundation moved to promote 3313 BTC worth over $69 million by KuCoin and OKX crypto exchanges.

Knowledge analytics platform CryptoQuant reportedly identified a pocket handle created on Binance by the LFG quickly after an arrest warrant used to be issued for Agree with Kwon on Sept. 14.

Do Kwon, LFG deny cashing out 3313 BTC
PHOTO CREDIT: bitcoin.com

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

South Korean authorities reportedly requested that the exchanges freeze the sources. Kucoin has frozen 1354 BTC  whereas OKX is yet to oblige to the seek files.

Agree with Kwon and LFG denies cashing out

The Luna Foundation Guard (LFG) denied constructing any unusual pockets handle excluding its public treasury’ handle.  It added that it has no longer moved its BTC holdings for the reason that Luna ecosystem fracture in Can also simply 2022.

The LFG treasury’s $BTC pockets is:


LFG hasn’t created any unusual wallets or moved $BTC or other tokens held by LFG since Can also simply 2022.@CoinDesk @iamsandali @cryptoquant_com https://t.co/VFN8A4mJRo

— LFG | Luna Foundation Guard (@LFG_org) September 27, 2022

A reality check into the Treasury pockets shared by the LFG reveals it finished its closing transaction on Can also simply 18, 2022. The pockets got roughly 71,000 BTC and spent 70,736 BTC. As of press time, it holds 313 BTC worth roughly $5.8 million.

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Agree with Kwon supported the LFG’s claim adding that he has no longer extinct Kucoin nor OKX exchanges in the closing yr.

What has been doubtlessly essentially the most frightful in all here is the quantity of misinformation that gets spread.

There is rarely this kind of thing as a “cashout” as alleged, i havent extinct kucoin or okex in at the least the closing yr, and no funds of tfl, lfg or any other entities were frozen. https://t.co/E1cbKgoqQz

— Agree with Kwon 🌕 (@stablekwon) September 28, 2022

Agree with Kwon has been accused severally of miking the Terra ecosystem. Support in June, Terra workers accused him of withdrawing some $80 million earlier than the Luna give plot.

Agree with Kwon additionally denied allegations that he withdrew $2.7 million from the Terra ecosystem by Degenbox by Abracadabra Cash.

Agree with Kwon’s wishes globally

Following Interpol’s red warrant issued in opposition to Agree with Kwon on Sept. 27, law enforcement authorities worldwide are on the lookout to arrest him.

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Agree with Kwon on the assorted hand claims that he’s making zero effort to disguise or evade arrest.

Disclaimer: This article is for informational capabilities only. It is no longer an immediate offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any merchandise, services, or companies. We no longer provide funding, tax, neatly suited, or accounting advice. Neither the corporate nor the author is guilty, straight or no longer straight, for any injury or loss precipitated or speculated to be precipitated by or in connection with the usage of or reliance on any insist, items, or services mentioned in this text.

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