Whereabouts of Terra's Bitcoin reserve a mystery after transfers | Tech News

Whereabouts of Terra's Bitcoin reserve a mystery after transfers

The $3.5 billion in Bitcoin purchased as a reserve by the foundation set up by the creators of the failed Terra blockchain became untraceable after it was moved.

By:BLOOMBERG
| Updated on: Aug 22 2022, 12:26 IST
Bitcoin
When the value of Terraform Lab’s TerraUSD, or UST, stablecoin began to fall on May 9, the foundation said it would use Bitcoin from the reserve to purchase UST.  (REUTERS)

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First Published Date: 15 May, 19:18 IST
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