Name: Luna Foundation Guard Spent $2.8B in Crypto Defending UST Peg
Uploaded: 2022-11-16T18:10:57.000Z
Duration: 6 min 11 s
Description: Luna Foundation Guard (LFG), the entity behind the collapsed Terra ecosystem, spent $2.8 billion of crypto trying to defend the peg of algorithmic stablecoin TerraUSD (UST) in May, according to a third-party audit by consultancy firm JS Held. "The Hash" hosts discuss the key findings.

CoinDesk 20$2,106.062.69%Bitcoin$75,820.542.13%Ethereum$2,354.263.13%XRP$1.442.87%Solana$86.293.22%

Luna Foundation Guard Spent $2.8B in Crypto Defending UST Peg | CoinDesk Videos

Loading video...

CoinDesk 20$2,106.062.69%Bitcoin$75,820.542.13%Ethereum$2,354.263.13%XRP$1.442.87%Solana$86.293.22%

Luna Foundation Guard Spent $2.8B in Crypto Defending UST Peg | CoinDesk Videos