El Salvador’s President Nayib Bukele is reportedly promoting the use of Bitcoin to 32 central banks and 12 financial officials representing emerging economies as host of the Alliance for Financial Inclusion (AFI) annual conference and adopted. The event, held Monday through Wednesday, covers topics such as financial inclusion and the digital economy, as well as the benefits of El Salvador being the first country in the world to adopt bitcoin as legal tender last year, Bukele said. According to reports, participating countries include Paraguay, Haiti, Honduras, Costa Rica and Ecuador in Latin America; Angola, Ghana, Namibia and Uganda in Africa; Bangladesh, Palestine and Pakistan in Asia.
Tuesday, May 17, 2022
El Salvador's President Pushes Emerging Countries to Adopt Bitcoin
El Salvador’s President Nayib Bukele is reportedly promoting the use of Bitcoin to 32 central banks and 12 financial officials representing emerging economies as host of the Alliance for Financial Inclusion (AFI) annual conference and adopted. The event, held Monday through Wednesday, covers topics such as financial inclusion and the digital economy, as well as the benefits of El Salvador being the first country in the world to adopt bitcoin as legal tender last year, Bukele said. According to reports, participating countries include Paraguay, Haiti, Honduras, Costa Rica and Ecuador in Latin America; Angola, Ghana, Namibia and Uganda in Africa; Bangladesh, Palestine and Pakistan in Asia.
The Rabbit-hole That Lead To Do Kwon's Missing 80K(90K) Bitcoin
The attached images below and brief explanations as we go down this rabbit hole confirm the final destination of the 80,000 BTC Do Kwon misplaced.
After scrolling through Watcher Guru's whale alert twitter for a few minutes for any massive activity between around when Luna started crashing to present, I found myself catching an eyesore.
So I literally just googled "Luna Foundation Guard Wallet Address" and it obviously came up in an article. How convenient! I clicked the "LFG bitcoin address" hyperlink in the article and started digging.
Source: Luna Foundation's Bitcoin Reserve Wallet Now Holds $1.1 Billion in BTC – Bitcoin News
Wallet Address: bc1q9d4ywgfnd8h43da5tpcxcn6ajv590cg6d3tg6axemvljvt2k76zs50tv4q
Although Luna was first created in July of 2019, LFG (Luna Foundation Guard) was not established until January 2021. This makes since and confirms we're looking at the correct wallet right off the bat as we can see the first reception of bitcoin here is in January of 2021, when LFG was created. It is also very convenient that the wallet is named "Luna-LFG" as highlighted in the above screenshot. Looks like we're already short about 10K bitcoin but we'll work with it. 70,000 bitcoin, and the remaining 313 bitcoin in balance today. PLEASE NOTICE THE WHEN THE FIRST WITHDRAWLS BEGAN AND THE LAST WITHDRAWALS ENDED FROM THIS WALLET.
This wallet executed its FIRST EVER WITHDRAWAL and started draining bitcoin on 05/09/2022 and stopped on 05/10/2022.
Now you might be assuming what you've already been told.
In the tweet above, LFG stated they started liquidating their BTC reserve on 05/08 but this wallet says otherwise. I'll give them the benefit of the doubt and assume they're not lying and maybe just typo'd or are including days they began discussions. I mean they're in a different time zone as well so let's ignore this tiny detail.
There's a lot going on in the above tweet. I won't reiterate it as they've explained it in the most condensed way possible. So condensed that it's almost intentionally confusing. Kudos to whoever is doing their accounting.
The above happened on 05/07/2022.
Then, finally, on 05/10/2022 they describe how they tried to give UST one last pump to save the day and failed. It's all gone now, every penny except the aforementioned 313 bitcoin that we can clearly see remaining in Luna Foundation Guard's wallet..... It's gone right?
Wrong.
Block # 735694 Above: Randomly clicked due to sheer bitcoin mass. These 28,205 BTC alone are around $800 million currently, about a third of the initial 80,000 BTC claimed to be held by LFG. These 28,205 BTC were sent on 05/09/2022. 80,000 BTC at around current prices is around $2.4 Billion.
These 28,205 BTC were sent to the following wallet: 163mp4eKBixViv7VPwG3aKvcNDkh3UmsSP
The above blocks are the withdrawals done by this second wallet. Nothing too crazy, but its a bit insane that it only received 28,205 Bitcoin on 05/10/2022? Nowhere in their description of the events transpired does it mention this amount of Bitcoin. Total input and output is 30,513 Bitcoin. About 3k Bitcoin off.... but that's a rounding error for LFG. Still not enough to claim things aren't adding up. Maybe transactions were split over periods of time, or the counterparty has several wallets.
If we search the initial LFG wallet before sending the 28,205 bitcoin to this second wallet. I'm sure we would find ourselves looking yet another wallet with similar transactions.
Just as suspected, the rest of the Bitcoin.... also sent on 05/09.... about 7 hours later. To the following address.
Wallet: bc1qwuwyt0q83gr4cvawgdwdqeum0y2mfkx44hlzd7ke2syg3vddql8scn63rm
A quick in and out from this wallet. But before I go down this path, I'm going to speed run where we will eventually be as I've already went down this hole with the original blocks we started with at Block 735694 for 28,205 Bitcoin.
Wallet: 163mp4eKBixViv7VPwG3aKvcNDkh3UmsSP
A quick in and out from this wallet again... this time to:
bc1qm34lsc65zpw79lxes69zkqmk6ee3ewf0j77s3h
There they are again! In Wallet Address: bc1qm34lsc65zpw79lxes69zkqmk6ee3ewf0j77s3h
As you can see the 28,205 BTC and 42,530 BTC are finally reunited. Got hit with a few fees along the way but they're together, that's all that matters. But we know what red numbers mean, it means they were sent out to another wallet again! Let's see where they went together.
Wallet Address:
3M219KR5vEneNb47ewrPfWyb5jQ2DjxRP6
Viola, a cold wallet registered on Binance.
Looks like Do Kwon made a profit! Squeezed out an easy 10K BTC despite Luna and UST getting demolished. Funny how that works.
The 80K Bitcoin has been found, and somehow in excess. Mystery solved.
What needs to happen for the bull run to start?
We’re in a bear market and it has been apparent for awhile. A lot of influencers who kept saying were in a bull run are finally being forced to admit the truth.
Right now, stocks are down, crypto is down, macroeconomics are a mess and the cost of living is outrageous. It looks like this bear market could go on for awhile.
However, markets do and will recover eventually but I think there has to be some positive event to kick start the bull run.
My question to you is: what needs to happen for the bull run to resume? Is it a Bitcoin spot ETF? Ripple to win the lawsuit? Covid to subside? (This isn’t happening anytime soon)
I truly believe in the success of crypto long term. This bear market believe it or not is healthy and will shake out. The weak hands and moon boys from the market. Be ready to earn it because one day the bull run will be back and hopefully our bags will be packed sufficiently.
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