After the Terra fallout, a great number of people on forums and social media asked the question: “Where is LFG’s Bitcoin reserve?'
An onchain visual perspective of LFG’s bitcoin transfers according to the blockchain surveillance company Elliptic.was subsequently moved to a single account at Gemini, the US-based cryptocurrency exchange – across several bitcoin transactions,” Elliptic said on Friday. “It is not possible to trace the assets further or identify whether they were sold to support the UST price.” The blog post adds:in Terra’s reserves. At 1 a.m.
Bitcoin.com News also looked into the onchain movements and confirmed that Elliptic’s summary was accurate. For instance, the LFG bitcoin wallet interacted with this
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