US officials announced that Terraform Labs and Do Kwon transferred more than 10,000 Bitcoins (BTC) from company assets to a different wallet.
of the US Securities and Exchange Commission (SEC) In his statement to the U.S. District Court for the Southern District on February 16, Terraform Labs and Do Kwon claimed ownership of the company and the Luna Foundation Guard (LFG). from 10 thousand more Bitcoin He stated that he had withdrawn to a separate cold wallet last year. Relevant assets of the defendants May 2022 since in based in Switzerland The SEC, which claims to have transferred it to a financial institution, June 2022 from the Swiss institution since 100 million dollars on fiat money claimed to have withdrawn.
While the SEC states that the transfers are continuing, the assets are most likely in the Terraform ecosystem. owned by users stated that. Approximately at the time of 600 million estimated to be equivalent to more than 10 thousand Most of Bitcoin not disposed of assumption was also among the statements of the SEC.
In the same statement, the agency acknowledges Terraform Labs and Do Kwon. unregistered sale of securities, investors about securities wrong, incomplete and misleading He also stated that he was a plaintiff for crimes such as being informed in a way.