3,313 BTC Linked to Luna Foundation Guard Are Moved

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Shortly after the request of the South Korean authorities to search and arrest the CEO of Terraform Labs, Do Kwon, 3,313 BTC associated with the Luna Foundation Guard (LFG) have started to move.

According to CoinDesk Korea, the funds were transferred from the LFG wallet on Binance to the KuCoin and OKX platforms between September 15 and 18.

KuCoin froze 1,354 BTC at the request of the South Korean authorities, whereas OKX ignored the law enforcement request.

Do Kwon has recently revealed he is making no effort to hide from the authorities.

The collapse of the Terra ecosystem affected the solvency of major industry players, including crypto lending platform Celsius and hedge fund Three Arrows Capital.