We were expecting the burning of $LUNC $USTC belonging to TFL. These supplies may have been sold.
As a result of the research done by our teacher "KAursunLEM" on the court documents, it was concluded that these supplies may have been exchanged for stablecoins like USDC and USDT.
The burn events from TFL have never occurred. At this point; there may be no remaining supplies owned by Do Kwon and TFL. TFL had a significant amount of $USTC. We were expecting a large burn. At this point, we must share this analysis.
There is a more detailed explanation in KAursunLEM's tweet. You can reach it from their page.