Within hours, the entirety of this 52,189 BTC was moved to a single account at U.S. crypto exchange Gemini, via several bitcoin transactions, according to Elliptic.
The purpose of having a very large reserve of Bitcoin was potentially to purchase UST to push the price back up toward $1, which is probably the reason it was sent to exchanges, but it’s not possible using the blockchain alone to identify whether it was sold to support the UST price, Elliptic’s Robinson said.
This left 28,205 BTC in Terra’s reserves. At 1 a.m. UTC on May 10, those remaining reserves were moved in their entirety, in a single transaction, to an account at the cryptocurrency exchange Binance. Again it is not possible to identify whether these assets were sold or subsequently moved to other wallets, Robinson said.“All we can see is it going into these exchanges,” Robinson told CoinDesk. “We can’t really see how it’s been used.
elliptic IanAllison123 Can someone explain to me how it all works? Any movies on the subject?
elliptic IanAllison123 $LUNA back in top 30 !! 📈 terra_money will shine again in top 10
elliptic IanAllison123 Pretty useless article.
elliptic IanAllison123 davidgokhshtein related to SpacesHost
elliptic IanAllison123 wassielawyer fud or true ?
elliptic IanAllison123 cz_binance tyler cameron stablekwon terra_money stablechen novogratz can anyone confirm this ?
elliptic IanAllison123 RemindMe_OfThis tomorrow
elliptic IanAllison123 Could the Luna/UST crypto failure possibly of been some sort of covert or stealth financial attack on Luna/UST by the world's ultra corrupt fiat central banking cartels? ...The taking down of their future and very threatening banking rival 'Luna/UST' before they got to big.
elliptic IanAllison123 Regulated or not....someone has to go to jail for this. It's just daylight robbery...pure fraud. Hope LUNA holders get justice
elliptic IanAllison123 I think anyone panic selling because of the dip, has no idea what they are holding in the first place. You should take some quantity and trade than selling. We should focus on day trading, as it is less affected by the unpredictable nature of the market. continue reading👇👇👇
elliptic IanAllison123
elliptic IanAllison123 bitcoin collapsed because of this this is best
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