According to WuSaid, WuSaid learned that according to Arkham monitoring, Terraform Labs transferred 1,075 BTC to a new address at 20:31 UTC+8 on September 2, worth approximately US$62.81 million.
Currently, Terraform Labs only has about $2 million worth of altcoins left, mainly 483.755k CVX (about $1.02 million) and 209.365 GOHM (about $804,000).
Terraform Labs (TFL) is currently beginning to wind down its operations. According to the settlement agreement reached between TFL and the U.S. Securities and Exchange Commission (SEC) and the implementation of its proposed Chapter 11 bankruptcy plan, TFL will no longer be able to support future upgrades of the Terra blockchain.