According to Foresight News, Luna Foundation Guard (LFG), under the Terra Foundation, has announced plans to enhance the security of its funds. In the coming days, assets stored in the LFG multi-signature wallet will be transferred to a direct custody solution. This move is aimed at bolstering the safety of the funds.
To maintain transparency and traceability, tracking of the LFG funds will continue on the LFG reserve dashboard. This will ensure that all transactions and movements of the funds are visible and can be accounted for, thereby promoting transparency and accountability.
The Terra Foundation is taking this step to ensure the security of its assets and to protect the interests of its stakeholders. The move to a direct custody solution is expected to provide a more secure environment for the funds, reducing the risk of unauthorized access or loss. The exact timeline for this transition has not been specified, but it is expected to take place in the near future.