What Happened to the $3.5B Terra Reserve?

5/15/2022 12:08:00 AM

Blockchain analytics firm Elliptic follows the money to major exchanges Gemini and Binance.

What Happened to the $3.5B Terra Reserve? Blockchain analytics firm elliptic has been following the money. IanAllison123

Blockchain analytics firm Elliptic follows the money to major exchanges Gemini and Binance.

LFG/ Gemini (Elliptic)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.

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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

Swiss Asset Manager GAM and Terra Negotiate a $3 Billion BailoutGAM Holding has emerged as the first global giant to offer its help to Terra and its deteriorating ecosystem. Any external confirmation of these news? Any source? You are the only one in the entire world who says this.

elliptic IanAllison123 bitcoin collapsed because of this this is best

Terra’s LUNA, UST Relisted On Binance As New Data Reveals Movement Of LFG’s Bitcoin ReservesEarlier today, Binance announced that it had suspended trading of LUNA and UST pairs, after issuing a cautionary notice yesterday. Later, CZ stated that Binance had resumed trading for the said coins after a 2-hour meeting with undisclosed parties. GilAzev27681653 olha a ressuscitar lol 😂

Terra Dapp Expo canceled following chaotic week for Terra network'The decision was not made lightly and is crushing news for everyone involved,” the expo organizers said on Twitter.

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LASD seizes $3 million worth of fentanyl, meth in Huntington ParkOver $3 million worth of methamphetamine and fentanyl was seized during a recent drug bust by the Los Angeles County Sheriff's Department. Straight out of china Holy! OMG 😲 That's an awful lot! Must have been a heck of a big time drug dealer to amount to that much. Wow just wow 😮😮

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from other LFG wallets, to this same address.Following the recent fiasco, in which Terra and its two native cryptocurrencies plummeted in value, the organizations behind the project said they will seek outside help..by May 14, 2022, 4:10AM EDT · 1 min read advertisement Terra Dapp Expo , slated for June 9 and 10 in Austin, Texas, has been canceled, according to the expo’s official Twitter feed.

LFG/ Gemini (Elliptic) Within hours, the entirety of this 52,189 BTC was moved to a single account at U.S. The official press release by the 40-year company reads that it has begun negotiations with Terraform Labs to “help support its Luna stablecoin (UST). 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. “Our interest in supporting UST reflects our interest in supporting a vibrant, innovative, and resilient crypto market. This left 28,205 BTC in Terra’s reserves.

At 1 a. Just as importantly, we believe in UST’s algorithmic approach to valuation.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.” – commented GAM CEO Peter Sanderson. Again it is not possible to identify whether these assets were sold or subsequently moved to other wallets, Robinson said. LFG/Binance (Elliptic) “All we can see is it going into these exchanges,” Robinson told CoinDesk. Due to the algorithmic nature of UST and its relation with LUNA, once the stablecoin started to lose its peg against the dollar, investors began taking advantage of the system by arbitraging it with LUNA.

“We can’t really see how it’s been used. It might have been sold, it might be being stored on the exchanges, it might have been withdrawn again, and might be an unhosted wallet. LUNA traded above $80 a week ago, but it sits at $0.” The Festival for the Decentralized World Thursday - Sunday, June 9-12, 2022 Austin, Texas .