Cryptocurrencies
Whereabouts of Terra’s Bitcoin Reserve a Mystery After Transfers
- Bitcoin moved to accounts on Gemini, Binance, Elliptic says
- Researcher wasn’t able to track tokens after move to exchanges
Photographer: Brent Lewin/Bloomberg
This article is for subscribers only.
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 to two cryptocurrency platforms, according to blockchain forensics firm Elliptic.
What happened to the cryptocurrency held in reserve may become a key question if investors seek to recoup losses suffered in the wake of the collapse of the blockchain.