Whereabouts of Terra’s bitcoin reserve a mystery

Vanishing act: A bitcoin representation is seen in an illustration picture.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. — Reuters

NEW YORK: The US$3.5bil (RM15.4bil) 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.