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CoinDesk

2022-11-16 11:00:24

Luna Foundation Guard Spent $2.8B Defending UST Peg, Third-Party Audit Finds

Luna Foundation Guard Spent $2.8B Defending UST Peg, Third-Party Audit Finds

Luna Foundation Guard (LFG), the entity behind the collapsed Terra ecosystem, spent $2.8 billion of crypto trying to defend the peg of TerraUSD (UST) in May, according to a third-party audit by JS Held.

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