What Happened to the $3.5B Terra Reserve? Blockchain analytics firm elliptic has been following the money. IanAllison123
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.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
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.
Leer más »
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.
Leer más »
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.
Leer más »
275-Mile McLaren Speedtail Hits The Market, Is Expected To Fetch Around $3 Million | Carscoops275-Mile McLaren Speedtail Hits The Market, Is Expected To Fetch Around $3 Million | Carscoops carscoops
Leer más »
'At our age should we do this?' We're retired, have $5 million in savings and earn $7,000 a month. Should we spend over $2.1 million to build our dream home?'Including land, it would be close to $3 million in value. We are retired and this would be our forever home and an investment.'
Leer más »