The crypto community has been blazing with discussions on the transfer of Luna to Binance, involving the alleged shadow wallets of Do Kwon, the co-founder of the crypto exchange Terraform Labs (TFL). The most recent transaction was marked on May 6, 2023, when terra1wqwfwh797tf77e2xpvy9xx082pwpxxlm9x4xws sent 1.55 million Luna to Binance.
On May 10, the crypto degen Ray Raspberry appended to the prolonged controversy over the involvement of Do Kwon in the transaction of Luna from an anonymous wallet, providing evidence to the transaction of 1.55 million Luna to Binance that took place on May 6:
Two wallets attributed to @stablekwon are active again:
— Ray Raspberry (@RayRaspberry1) May 10, 2023
On May 6th 2023 terra1wqwfwh797tf77e2xpvy9xx082pwpxxlm9x4xws
claimed staking/vesting rewards and sent all of the 1.55 Million $LUNA to Binance https://t.co/DrwuOAySh0 https://t.co/H6W4VfOusx pic.twitter.com/oIoK2XSsFA
In a preceding tweet, the degen showcased the transfer of 835,423 Luna to the exchange from terra1e82da9n6jz4t42eh0wn5hrt6hdmf7jyq8sufkp, asserting that both the wallets and transactions are connected.
Raspberry claimed:
We can infer these wallets are linked because the withdrawal transactions both use the same Binance account 100021975 in the Memo field and the transfers are performed minutes apart from one another.
Fatman, Terraform’s finance researcher shared a Twitter thread in response to Raspberry’s claims, stating “Do Kwon’s wallets are on the move”:
Do Kwon's wallets are on the move. https://t.co/QqIJhVqsY9
— FatMan (@FatManTerra) May 10, 2023
Significantly, the crypto trader’s revelations came as a response to a previous question raised by the on-chain investigator CryptlockHolmes to the Terraform CEO, while the latter defended himself in the Securities and Exchange Commission’s (SEC) accusation against Terraform.
CryptlockHolmes confronted Kwon with his connection to the address terra1wqwfwh797tf77e2xpvy9xx082pwpxxlm9x4xws, which he has used to submit a proposal, authored by himself.
After several months, Raspberry came forward with the findings that identified the wallets involved in the huge transactions of Terraform’s Luna holdings. In one of his tweets, Raspberry revealed that a dormant TFL address 0xbEC5E1AD5422e52821735b59b39Dc03810aAe682 transferred 1.8 million CVX tokens worth around $8.8 million, marking almost 2% of the total CVX token supply.
