- Do Kown has hired an on-chain analysis company to publish a report.
- The upcoming report would provide clarity on all LFG’s trading.
- Do Kwon explained that LFG and its associates only hold 313 BTC, and do not hold more than that, unlike some claims.
Yesterday, Do Kown claimed that Luna Foundation Gaurd (LFG) has hired an on-chain analysis company to publish a report. Do Kwon mentioned that the upcoming report would provide clarity on all LFG trading to prove there is no embezzlement or theft of funds.
In an interview with Laura Shin, the host of Unchained Podcast, mentioned that ErgoBTC claimed LFG had more than 313 BTC. In response to that, Do Kwon explained that the claim is not true and LFG and its associates only hold 313 BTC.
Furthermore, Do Kwon mentioned that the on-chain audit trail will be difficult to be identified during a video call. Do Kwon explains that the upcoming report will prove that LFG does not hold more than 313 BTC.
Earlier this month, when prosecutors in South Korea claimed to have frozen $39.6M worth of crypto, Do Kown tweeted:
Once again, I don’t even use Kucoin and OkEx, have no time to trade, no funds have been frozen. I don’t know whose funds they’ve frozen, but good for them, hope they use it for good
Moreover, When LFG tweeted that their only wallet is funded with 313 BTC, ErgoBTC tweeted that 15 large Binance withdrawals were noticed to a single address. After the initial withdrawal from Binance, a 665 BTC spend was made to Kucoin.
ErgoBTC then tweeted a quick estimate of $65 million which roughly corresponds with the values quoted in a Korean press.
This much-awaited interview of Do Kwon provided insights into LUNA after its fall.