Terra Luna Audit Results: 80,000 Bitcoin Worth $2.8 Billion Used to Defend Peg – Here’s What You Need to Know

Terra (LUNA) founder Do Kwon and the Luna Foundation Guard (LFG) spent as much as 80,000 bitcoin, worth a whopping $2.8bn, to defend the algorithmic stablecoin UST’s dollar peg, a new audit report has revealed. The newly revealed numbers were shared by Do Kwon himself in a Twitter thread on Wednesday, after Luna Foundation Guard – the entity tasked with maintaining the stability of UST – released a technical audit report by auditing firm JS Held.... Read More: Terra Luna Audit Results: 80,000 Bitcoin Worth $2.8 Billion Used to Defend Peg – Here’s What You Need to Know