According to the report, LFG claims to have spent 80,081 bitcoin and 49.8 million stablecoins defending the UST peg.
Terra’s $2.8B Defense System — Luna Foundation Guard Audit Says Group Spent More Than 80,000 Bitcoin Defending UST Peg
Months after the collapse of Terra’s U.S. dollar-pegged token UST, the organization created to protect the once-stable coin, the Luna Foundation Guard , published an audit report audited by the New York-based consultancy company JS Held. According to the report, LFG claims to have spent 80,081 bitcoin and 49.8 million stablecoins, which add up to roughly $2.8 billion to defend UST’s peg.On Nov.
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Luna Foundation Guard Spent $2.8B Defending UST Peg, Third-Party Audit FindsA third-party audit by consultancy firm JS Held suggests that LFG_org spent $2.8 billion defending the UST peg in May. Reporting by oknightcrypto.
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