Police are getting new information as the LUNA investigations continue. As you know, after the collapse of LUNA and UST, investigations are being carried out against Terraform Labs in South Korea, where Terra's headquarters are located. As these investigations continue, the police are getting new information.
As it will be remembered, Terra had 27,784 Bitcoins by purchasing Bitcoin in the past days. Terra continues the purchases. Terra, who bought another $ 139 million worth of Bitcoin, holds 31,000 Bitcoins. Bitcoins are worth about $1.5 billion.
Terra (LUNA) founder and Terraform Labs CEO Do Kwon announced that the Luna Foundation, which is working on the Terra blockchain, has raised $2.2 billion in funds for Bitcoin reserves. In his tweets, Kwon stated that the reserves will be used to support the UST and that they want to increase the figure to 3 billion dollars in the short term and 10 billion dollars in the long term.
It was once again seen last night how interesting and surprising events the cryptocurrency universe was. An investor who stated that Terra Luna was a fraud received an answer from Terra founder Do Kwon. The duo made a 1-year and $1 million bet on the Terra price. Later, another $10 million bid came in for the same claim. Kwon accepted this offer as well, and the money rose to $22 million.
While the crypto markets have not been able to get rid of the general downward trend, Terra (LUNA), which is among the largest crypto assets, continues to increase its market value. Cardano (ADA), which is in 8th place, is breaking a record in the total locked value in the DeFi sector.
According to data from Staking Rewards, Terra (LUNA) has surpassed Ethereum (ETH) in terms of value at stake. While $ 25.9 billion is locked in Ether, $ 29.5 billion in cryptocurrency is locked in LUNA.