From an address affiliated with the LUNA Foundation (Luna Foundation Guard), 1.9 million pieces of AVAX worth $71 million and 39.4 thousand pieces of BNB worth $23.5 million were released. The cryptocurrencies were sent to an unknown address.

The Luna Foundation, which is certain to be controlled by people close to Do Kwon, sold many crypto sales, especially Bitcoin, last year.

Immediately after the SEC deal…

As it is known, Terraform Labs and Do Kwon reached an agreement in principle with the US Securities and Exchange Commission (SEC) yesterday. The details of the agreement were not disclosed. Therefore, it is not known what terms Do Kwon, who is still in prison in Montenegro and whose extradition to South Korea was recently denied, has agreed to.

It is noteworthy that crypto transfers came hours after the announcement of this agreement.

Judge Jed Rakoff, the presiding judge who announced the agreement, also gave the SEC and Do Kwon until June 12 to submit the files documenting the agreement to the court.

The Terra LUNA system, headed by Do Kwon, collapsed in May 2022 and both Terra LUNA and USTC, the system’s stablecoin, fell below zero. Bitcoin also fell from 40 thousand dollars to 17 thousand dollars in a period of 1.5 months.