It was discovered that Kwon Do-hyung, CEO of Terraform Labs, withdrew bitcoin (BTC) worth a total of $7.5 million (Rp 112.5 billion) from Luna Foundation Guard (LFG) wallet twice in the new year 2023.
On the 3rd, Digital Asset reported, “Since CEO Kwon fled to Serbia, there have been four large-scale coin transfers that have cashed out so far.”
According to the media, CEO Kwon continued to import large amounts of bitcoins from the LFG wallet, and it is known that there are still 6197 BTC left in the wallet.
It is analyzed that the bitcoin transfer from Luna Foundation Guard (LFG) the first time it was withdrawn in January was transferred to Coinbase, a North American virtual asset (cryptocurrency) exchange, and the second time it was withdrawn in February was moved to a relay wallet (relay wallet).
The media explained, “The withdrawn Bitcoins have not been transferred to other wallets, but they are of the opinion that they may soon be transferred to overseas exchange wallets like Binance for example.”
