For the first time on the famous on-chain tracking platform Arkham, two cryptocurrency detectives have extracted previously unknown assets belonging to Terra LUNA inventor Do Kwon. They even received awards for their outstanding skills in this subject. Here are the details…
Terra Luna wallet revealed
The two detectives, whose identities have not been released due to the sensitive nature of their work, appear to have worked hard. Because they took action to determine the wallet addresses associated with Terraform Labs, which were not previously known. He used advanced techniques and cutting-edge tools. Thanks to their diligent work, they successfully uncovered the company’s undisclosed assets. Thus, they shed light on the size of the cryptocurrency fortunes in Terraform Labs wallets. Moreover, Arkham, known for facilitating transparent and secure Blockchain analysis, recognized the invaluable contributions of detectives. He rewarded them with a payout of 9,519.26 ARKM. At the time of the award, this amount was worth approximately $4,950 in traditional currency.
What’s in your wallet?
The detection of undisclosed assets in Terraform Labs’ wallets aroused curiosity among the cryptocurrency community. Below are the amounts of various cryptocurrencies in the company’s wallets. Also included are the corresponding values according to the latest available data:
- BTC: 5,292k BTC worth $154.07 million
- ETH: 2,753 thousand ETH worth $5.09 million
- CVX: 483,755K CVX worth $1.64M
- GOHM: 209,365 GOHMs worth $594.02k
- USDT: 45.47K USDT worth $45,475k
- BUSD: 26.16K BUSD worth $26.161k
- USDC: 25,285k USDC worth 25.29k USD
- CVXCRV: 24.25k CVXCRV value of $34,328k
- LUNA: 233.64 million LUNA worth $19.11k
- UST: 1.415 million UST, valued at $21.85k
- FXS: 994.33 FXS worth $5.89k
- HERO: 877k HEROs worth $2.56k
- GUSD: 1.09K GUSD worth $1,092k
- BNB: 3,512 BNB worth $835.38
- DAI: 648,165 DAI worth $648.16
- SHIB: 49.323 million SHIB worth $377.32
- AXS: 51,656 AXS worth $316.14
- MKR: 0.2 MKR worth $217.03
- AGIX: 856 AGIX worth $188.88
The latest in Do Kwon’s case
Meanwhile, lawyers for Terraform Labs and Do Kwon recently filed a petition to dismiss the U.S. Securities and Commission (SEC) lawsuit filed for alleged securities infringement. Lawyers for founder Do Kwon and his company referred to the recent summary judgment of Judge Analisa Torres in the Ripple and SEC case. The legal team represented by Dentons, U.S. SEC v. He argues that the recent decision by Judge Analisa Torres in the Ripple Labs case directly affected her impeachment requests.
According to the SEC, cryptocurrencies such as UST, LUNA, wLUNA, MIR and mAssets fall under the securities category. But the Ripple case shows that the SEC lacks legal basis to claim that all cryptocurrencies other than Bitcoin are securities. The defense highlighted the differences between programmatic sales of crypto assets that are not considered securities and institutional sales that are considered securities under investment contracts under the “Torres Doctrine”. In addition, Terra and Do Kwon’s defense argues that the SEC does not claim direct or secondary market sales of UST.
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