Do Kwon's partner, the Luna Foundation Guard, formally refuted claims that he delivered 3313 bitcoins to exchanges, according to the reports. The CryptoQuant team delivered such information at the start of the week.
Analysts discovered that LFG transmitted 3313 BTC to the platforms OKX and KuCoin for additional use.
Following the issuing of an arrest warrant for Do Kwon at the initiative of Korean law enforcement officials, the cryptocurrency was added to exchange wallets. Later, it was revealed that these bitcoins were frozen by the exchangers.
The day before, the press service of the fund denied the placement of cryptocurrency on trading floors.
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The Luna Foundation Guard emphasized that since May 2022, the foundation has not created any wallets or moved bitcoins or other coins.
However, South Korean authorities said that transactions involving LFG-linked wallets were implemented on OKX and KuCoin between September 15-18.
Terra founder Do Kwon himself announced on Twitter that he is not hiding from law enforcement officers and freely visits shopping centers and other public places. Recently it became known that he was in Singapore.
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Do Kwon's current whereabouts are still unknown.