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Cryptocurrencies: 30064
Markets: 114568
Market Cap: $2,784,941,320,851     
24h Vol: $97,702,482,506
Cryptopolitan 2022-11-16 15:54:37

Audit report: How LFG spent $2.8B trying to defend UST’s peg

Audit report: How LFG spent $2.8B trying to defend UST’s peg
With the ongoing FTX collapse, some crypto investors nearly forgot about the Terra LUNA-UST collapse. In the aftermath of Terra’s collapse, the Luna Foundation Guard (LFG) spent roughly $2.8 billion defending the UST’s peg. Was this expenditure beneficial? Did the investors recover their mismanaged funds? How dire were the repercussions to the crypto ecosystem? The … Audit report: How LFG spent $2.8B trying to defend UST’s peg Read More »
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