Terra Foundation LFG: No new wallets have been created or Token holdings moved since May of this year

Sept 28,2022
KingData News: The Terra Foundation Luna Foundation Guard (LFG) wallet issued a denial of the transfer of bitcoin, stating that LFG's wallet address is bc1q9d4ywgfnd8h43da5tpcxcn6ajv590cg6d3tg6axemvljvt2k76zs50tv4q and that LFG hasn’t created any new wallets or moved BTC or other tokens held by LFG since May 2022. In previous news, the LFG wallet moved some 3,313 bitcoins after South Korean prosecutors issued an arrest warrant for Terra founder Do Kwon.
This indicator provides follow-up on the depg of Terra's stablecoin UST on May 8th. Terra's stablecoin UST briefly lost its peg to the U.S. dollar on May 8th, dipping as low as $0.985. The depeg event came after a series of multi-million dollar UST selloffs as one account traded about $85 million worth of UST for USDC on Curve Finance, while another user reportedly sold $108 million worth on Binance. UST posted a slight recovery shortly after Terraform Labs CEO Do Kwon posted a tweet calling out the stablecoin's critics.
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