The Luna Foundation Guard (LFG) recently moved around $95 million in cryptocurrency to a new wallet as part of its efforts to bolster fund security. This transfer, revealed through blockchain data, included about $71.2 million worth of Avalanche’s AVAX token and approximately $23.5 million in BNB.

Despite this, LFG still holds roughly $161 million, including various assets like AVAX, UST, BNB, and BTC. The move was announced in a social media post on May 28, emphasizing the organization's commitment to improving fund security by transitioning assets from multi-sig wallets to a more secure custody solution.

This action coincides with recent legal developments involving the US Securities and Exchange Commission (SEC), Terraform Labs, and its former CEO, Do Kwon.