The Luna Foundation Guard, affiliated with Terra ecosystem founder Do Kwon, officially denied reports that it had sent 3,313 bitcoins to cryptocurrency exchanges. This data was presented earlier this week by the CryptoQuant team.
Analysts found that LFG sent 3,313 BTC to OKX and KuCoin platforms for further sale.
The cryptocurrency was placed on exchange wallets after an arrest warrant was issued for Do Kwon at the initiative of Korean law enforcement authorities. Later it became known that the exchanges froze these bitcoins.