Do Kwon's LFG wallet recently transferred 5,292 BTC to a new address
The Luna Foundation Guard (LFG) wallet address held by Terraform Labs CEO Do Kwon has transferred all 5,292 BTC (approximately $163 million) to a new anonymous wallet address that has not previously been found to be associated with Do Kwon. In addition, the wallet withdrew 351 BTC on May 8.
The transfer was preceded by what appeared to be a test transfer between the two wallets, with three exchanges of 0.0211 bitcoins on June 22 and 23, respectively.
As previously reported, Swiss prosecutors froze approximately $26 million in assets, including bitcoin, that Do Kwon and others had stored in Sygnum, a digital asset bank in Zurich, Switzerland.
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