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South Korean police request exchanges freeze LFG related funds

Police in South Korea have contacted the country’s leading exchanges to freeze any funds linked to the embattled Luna Foundation Guard. Crypto exchanges in South Korea have been issued notices from police requesting the sequestering of funds related to the Luna Foundation Guard. On May 23rd, 2022, Korean authorities sent a request to the top crypto exchanges in the country to prevent funds from being withdrawn.

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Korean Police Ask Crypto Exchanges to Freeze Luna Foundation Guard’s Assets

The South Korean police have reportedly launched an investigation into possible embezzlement involving an employee of Terraform Labs.

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The ‘Lunatic’ Movement: A Look at Terra LUNA’s Inception and the People That Helped Do Kwon Rise

After the LUNA and UST meltdown, many crypto investors have been curious about the project’s rise in popularity and people wonder about the background of Terra’s co-founder Do Kwon.

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As LUNA’s Price Drops Over 33% in 24 Hours, Stablecoin UST Slips Below $1 Parity to $0.93

As bitcoin dropped to fresh new lows on Monday, the price of terra (LUNA) slid by 33.3% during the last 24 hours.

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Luna Foundation to Lend $1.5 Billion in Bitcoin and UST to Market Makers — Plan Aims to Protect Stablecoin’s $1 Parity

As crypto markets continue to slide in value, concerns about the algorithmic stablecoin terrausd (UST) losing its $1 parity have swelled in recent times.

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Luna Foundation to Loan $1.5B in BTC and UST to Defend Stablecoin’s Peg

LFG's decision comes after the algorithmic stablecoin, UST, briefly lost its dollar peg as it plummeted to $0.98 over the weekend.

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LFG to deploy $1.5 billion to bolster UST peg and build BTC reserves

LFG outlined that it will first loan out $750 million worth of BTC to over-the-counter trading firms to manage the capital and “help protect” UST.

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Tron DAO Reserve Purchases $38 Million in TRX to Safeguard the Stablecoin USDD

On May 5, Tron’s algorithmic stablecoin USDD went live and so far, the fiat-pegged token has been listed on a number of decentralized finance (defi) protocols.

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Luna Foundation Acquires $1.4 Billion in Bitcoin, Decentralized Reserve Stash Rises to 80,394 BTC

According to a report published on Thursday, the Luna Foundation Guard (LFG) explained that it acquired 37,863 bitcoin worth more than $1.4 billion through two over-the-counter deals.

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Luna Foundation Purchases Another $5 Million in Bitcoin, LFG Wallet Holds 42,530 BTC

The Luna Foundation Guard (LFG) purchased an additional 123.89 bitcoin on Friday worth close to $5 million at the time of settlement.

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Luna Foundation Buys 2,508 Bitcoin for $100 Million, Stash Is Only 495 BTC Away From Tesla’s Balance

On April 13, Terra’s Luna Foundation Guard (LFG) acquired 2,508.94 bitcoin worth close to $100 million at the time of settlement.

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Here's where LFG's sustained acquisition of Bitcoin is leaving LUNA

Currently ranked as the 9th biggest crypto-asset in terms of market capitalization, Terra’s LUNA does not appear to be performing all that well.

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Terra’s LFG Pool Adds $170 Million Worth of Bitcoin at $42,600

Terra continues buying BTC. This time, the LFG pool added some $176 worth of Bitcoin at an average price of about $42,600.

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Bitcoin battles for weekly close above $42K as LFG buys 4,130 more BTC

Business as usual for Bitcoin bull buyers continues out of hours Sunday, while price losses cool. Bitcoin (BTC) prepared for its lowest weekly close of the month so far on April 10 after a week of disappointing losses.BTC/USD 1-hour candle chart (Bitstamp).

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Terra’s Luna Foundation Scoops up 4,130 Bitcoin Worth $176 Million

On Sunday, April 10, 2022, the Terra (LUNA) project and Luna Foundation Gaurd (LFG) acquired 4,130 bitcoin worth $176.1 million at the time of settlement.

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Luna Foundation to Add $100 Million in AVAX to the UST Decentralized Forex Reserve

Following the Luna Foundation Guard’s (LFG) purchase of 5,040 bitcoin on Wednesday, the following day the Singapore-based non-profit announced it will be acquiring $100 million avalanche (AVAX) tokens.

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Terra LFG outdoes MicroStrategy with 5K BTC buy after Bitcoin price dips under $45K

Price action is struggling, giving Terra and Do Kwon the perfect opportunity to "buy the dip." Terra, the Blockchain outfit using Bitcoin (BTC) to back its new US dollar stablecoin, has bought over 5,000 BTC.Wallet data confirms that on April 6, Terra added another 5,040 BTC to its balance, which now totals 35,768 BTC.Terra buys the dip...

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'Hold my beer' — Terra already up $165M from buying Bitcoin as BTC stash nears Tesla

The Luna Foundation Guard is well in the green as Terra co-founder Do Kwon stresses he is not "capable of moving" Bitcoin markets. Bitcoin (BTC) has already netted its biggest new buyer almost $200 million in profit from price increases, data suggests.Analysis of the wallet related to Blockchain protocol Terra reveals that since it began amassing BTC in Q1 this year, it is up $165 million.Terra co-founder rejects idea LFG moved BTC priceThe Luna Foundation Guard (LFG), a nonprofit organization around Terra, is currently following through on its plans to back its new TerraUSD (UST) stablecoin with both Bitcoin and its native LUNA token.The plans were only revealed this month by Terra co-founder Do Kwon, but the destination wallet for the funds has been active longer and saw a significant inflow back in January.Since mid-March, buying has accelerated, and in just a few short weeks, LFG's balance has passed 30,000 BTC.If that weren't impressive enough, Bitcoin's bull run, whether associated or not with Terra's purchases, has netted the organization $165 million in circumstantial profits.

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Luna Foundation’s Bitcoin Reserve Wallet Now Holds $1.1 Billion in BTC

During the last week, the cryptocurrency community has been discussing the bitcoin purchases made by Luna Foundation Guard (LFG), as onchain data shows LFG’s bitcoin wallet currently holds 24,954.95 bitcoin worth $1.1 billion.

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