LUNC Coin Impact: Luna Foundation Guard Shifts $94.7M in Cryptocurrency Assets

Luna Foundation Guard (LFG), a non-profit affiliated with Terraform Labs, has announced transitioning its crypto assets to a direct custody solution. This move follows Terraform Labs and Do Kwon’s settlement with the U.S. SEC, involving a $4.5 billion penalty. LFG aims to secure its funds by directly holding a substantial amount of cryptocurrencies, including Bitcoin,

Source: CoinOtag