Location of Terra’s Bitcoin Reserve Unknown

Billions in bitcoin, bought as a reserve by the Luna Foundation Guard (LFG), a foundation set up by the failed Terra blockchain, is now untraceable after being moved to two crypto platforms, Bloomberg wrote Saturday (May 14).

LFG reportedly bought $3.5 billion of bitcoin between January and March this year, according to data from blockchain forensics firm Elliptic.

That may raise questions if investors seek out compensation after the collapse of the blockchain. On May 9, the value of the…


Source link

About bitcoin

Check Also

Bitcoin Hovers Near $21K as Investors Look to Avoid Another Weekend Slump – CoinDesk

Please note that our privacy policy, terms of use, cookies, and do not sell my …

Leave a Reply

Your email address will not be published.