According to Digital Asset, on-chain data shows that the Luna Foundation Guard (LFG) wallet address held by Terraform Labs CEO Do Kwon transferred all 5,292 BTC (about $163 million) to a new anonymous wallet address. The anonymous wallet had not been found to be connected to Do Kwon before. In addition, the wallet withdrew 351 BTC on May 8.
Before the transfer of 5,292 BTC, transactions that looked like test transfers were first carried out between the two wallets, exchanging 0.0211 bitcoins (about 870,000 won) three times on June 22 and 23.