Terraform founder and CEO Do Kwon, who escaped for nearly a year after the massive Terra (LUNA) collapse in May 2022 and was captured in Montenegro in March, is awaiting extradition to South Korea.
In this process, Do Kwon, who is imprisoned in Montenegro, does not sit idle.
According to the news of South Korea's local news agency Digital Asset, 5292 Bitcoins belonging to the Luna Foundation Guard (LFG) and Do Kwon were moved to another crypto wallet earlier this week.
It was stated that the BTC transfer, worth approximately $ 163 million, was carried out on July 3.
The report also noted that prior to the 5292 BTC transaction, three transactions of 0.0211 BTC between LFG and an anonymous wallet on June 22 and 23 were noted, pointing to the massive BTC transfer that took place on July 3.
The LFG linked wallet to which BTCs are transferred is known as Do Kwon's Luna Foundation Guard's Binance wallet and was created in January 2021 to protect the price of LUNC (Terra Classic).
While it remains unclear who owns the anonymous wallet from which 5292 Bitcoin transfers are made, or for what reason, it does not have any visible connection with Terra CEO Do Kwon.
*Not investment advice.
