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Whereabouts of Terra’s Bitcoin Reserve a Mystery After Transfers
The $3.5 billion in Bitcoin purchased as a reserve by the foundation set up by the creators of the failed Terra blockchain became untraceable after it was moved to two cryptocurrency platforms, according to blockchain forensics firm Elliptic. What happened to the cryptocurrency held in reserve may become a key question if investors seek to recoup losses suffered in the wake of the collapse of the blockchain. Between January and March, the Luna Foundation Guard, or LFG, bought $3.5 billion of Bitcoin, Elliptic said, according to its blockchain analytics tracking tools. When the value of Terraform Lab’s TerraUSD, or ... (full story)