Luna Foundation Guard Denies Moving Bitcoin & Other Tokens: What's Happening?
The Luna Foundation Guard (LFG), once a cornerstone of the Terra ecosystem designed to bolster confidence through its Bitcoin reserve, is facing intense scrutiny. Recent reports have alleged the movement of substantial amounts of Bitcoin from LFG wallets, prompting a strong denial from the organization.
LFG Refutes Allegations of Bitcoin Transfers
On September 28, 2025, the Luna Foundation Guard emphatically denied allegations that it had transferred Bitcoin or other tokens from its wallets. This denial directly addresses reports, including one highlighted by CoinDesk, suggesting suspicious activity. LFG asserted in a tweet that it did not create any new wallets and had not moved any Bitcoin or other tokens since May 2025. This statement aims to counter claims of illicit activity, particularly in the wake of legal challenges and scrutiny surrounding Terra founder Do Kwon.
The LFG specifically addressed claims suggesting the movement of 3,133 BTC from an LFG wallet. They firmly stated that these reports are false and that no such transfer occurred. The organization is actively opposing prosecutor allegations, maintaining its innocence in the face of mounting pressure.
Do Kwon's Response and Clarifications
Following the LFG's initial denial, Terra founder Do Kwon also addressed the allegations. While specific details of his response remain fragmented, it's clear that he supports the LFG's position and aims to clarify the situation surrounding the alleged Bitcoin movements. The combined efforts of LFG and Do Kwon signal a unified front in defending against these accusations.
Key Dates and Events
- September 27, 2025: Reports emerge suggesting suspicious Bitcoin movements from LFG wallets.
- September 28, 2025: The Luna Foundation Guard issues a strong denial of the allegations, stating it has not moved Bitcoin or created new wallets since May 2025. Do Kwon also offers clarifications.
The Luna Foundation Guard's denial of moving Bitcoin and other tokens, coupled with Do Kwon's response, highlights the ongoing complexities and controversies surrounding the Terra ecosystem. This situation requires close monitoring as investigations continue and further details emerge.