Terra’s Do Kwon made a suspicious 3,310 BTC transfer shortly after his arrest warrant issuance

As the widely-publicized saga of Terraform Labs continues to unravel, a suspicious transfer in Bitcoin (BTC) has been discovered from the cryptocurrency platform’s CEO Do Kwon immediately after his arrest warrant issuance. Indeed, shortly after the news broke out of South Korean prosecutors issuing an arrest warrant for the Terra (LUNA) CEO, around 3,313 BTC.

Considering the price of Bitcoin at press time, this means that the amount transferred to KuCoin and OKX wallets was worth around $66.65 million. The transfers were made from a Luna Foundation Guard (LFG) crypto wallet that was created on September 15, one day after the arrest warrant was issued for Do Kwon citing broken securities laws. Do Kwon established LFG as a non-profit organization with an aim to protect the price reserves of LUNA. As per data from the crypto data. https://finbold.com/terras-do-kwon-made-a-suspicious-3310-btc-transfer-shortly-after-his-arrest-warrant-issuance/

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