Luna Guard Transfers 1.974 Million AVAX After Settlement with SEC

The Luna Foundation Guard reportedly moved a large amount of cryptocurrency between 11:29 and 11:33 UTC+8. Specifically, 1.974 million AVAX worth approximately $71.2 million was transferred to an undetermined address "0x13...2e27". This move raises questions about the foundation's financial strategy. Notably, this activity occurred shortly after Terraform Labs and its co-founder Do Kwon reached a civil fraud settlement with the U.S. Securities and Exchange Commission.