The Luna Foundation Guard (LFG) denied moving bitcoins after a trail of coin movement led South Korean authorities to initiate steps to freeze assets.
Kwon also denied these claims moving Bitcoin from LFG wallets to KuCoin and OKX. While addressing “misinformation” against him, the founder added that he hasn’t used the two crypto exchanges for over a year and confirmed the funds of LFG, TFL, and other entities have not been frozen.
But in the midst of chaos, Terra whistleblower and researcher, FatMan said he trusts Kwon.
In the latest tweet, FatMan said he would lean towards believing the controversial Terra boss on this one and argued,
“To be honest, even though I haven’t seen the “non-public” transaction evidence myself, for once, I would lean towards believing Do Kwon on this one. Chain analysis isn’t foolproof so these flows can’t be tracked with 100% certainty (unless there are some secret Binance subpoenas).”
FatMan had earlier said he does not know who to believe and encouraged Kwon to publish a full breakdown and transaction evidence of the BTC deployed for UST.
The comment comes after South Korean prosecutors asked the two exchanges to freeze $67 million in Bitcoin linked to Kwon after tracking fund transfers from LFG wallets. As per the report, analytic platform CryptoQuant identified a new wallet address believed to belong to the LFG created on September 15, from where 3,310 Bitcoins were moved to KuCoin and OKX.
LFG soon issued...
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