The Luna Foundation Guard, the entity behind the collapsed Terra ecosystem, has shared a technical audit report. This, it claims, provides full transparency into trading, blockchain records and effort...
Tag: UST
Terra’s $2.8B Defense System — Luna Foundation Guard Audit Says Group Spent More Than 80,000 Bitcoin Defending UST Peg – Bitcoin News
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 (LFG), published an audit report audited by the N...
New Audit Report Shows Terra’s LFG Spent Over $2.8 Billion To Defend UST Peg ⋆ ZyCrypto
Advertisement     Luna Foundation Guard (LFG), the entity behind the collapsed Terra ecosystem, spent $2.8B (80,081 BTC and 49.8M in stablecoins) to defend UST’s peg, ...
Audit reveals Luna Foundation Guard spent $2.8B to defend UST peg in May
A Nov. 9 technical audit report submitted by JS Held revealed the Luna Foundation Guard spent $2.8 billion to defend UST’s peg between May 8 and May 12. 1/ Today, LFG releases the technical audit repo...
Luna Foundation Guard, TFL Spent $3.4 Billion to Defend UST Peg: Report
A new audit report revealed that the two entities behind the Terra ecosystem, LFG and TFL – collectively spent more than $3.4 billion between May 8th-12th, 2022, to defend the peg of the fallen stable...
Luna Foundation Guard says it spent $2.8 billion to defend UST peg
Luna Foundation Guard (LFG), a non-profit created in January to grow the Terra ecosystem, has published an audit stating that it spent $2.8 billion in bitcoin and stablecoins to defend the TerraUSD (U...
Luna Foundation Guard Spent $2.8B Defending UST Peg, Third-Party Audit Finds
“While there have been multiple recent failures in crypto, it is important to distinguish between Terra’s case, where a transparent, open-source decentralized stablecoin failed to maintain peg parity ...
A soft-pegged stablecoin to be built on Terra, after the UST decline
About five months ago, the stablecoin terrausd (UST) depegged from its $1 uniformity which caused darkness to the crypto community. On November 2, USTC is selling for $0.03 per unit, and the destroyed...
New Development in LUNC Can Help UST Re-peg Back to $1
Luna Classic (LUNC), formerly known as LUNA, TerraUSD Classic (USTC), and Luna 2.0 (LUNA) are all parts of the Terra ecosystem. On Monday, the developers of the Terra ecosystem submitted a revised exp...
Following the Great UST Collapse, a Defi Project Plans to Launch a ‘Soft-Pegged Stablecoin’ Built on Terra – Bitcoin News
Following the Terra stablecoin collapse last May, the Terra blockchain ecosystem has another stablecoin concept in the works called “Solid.” The stablecoin Solid and its white paper were revealed by a...
Terra Classic UST Spike 12% As 0.2% Tax Burn Goes Live
The Terra community has been striving hard to regain the trust of the trading and investing market participants ever since the asset crashed in May earlier this year. Now, Terra’s new chain Terra Cla...
Are There Any Chances Of Terra UST Victims Getting Refunded? Let’s Find Out
Following recent happening in the Terra community after what is known as the biggest crash in the crypto industry, victims expect a reimbursement. The LUNA founder Do Kwon answered the victims’ querie...
Will Terra UST Victims Get Their Money Back? Do Kwon Interview
Terraform Labs co-founder Do Kwon in an interview with Unchained answered if pre-depeg UST holders will get their money back or if it was a rug pull. Terra founder earlier in May tweeted compensating ...
Terra Luna Do Kwon Regrets Fall Of UST In A New Interview
Do Kwon, co founder of Terra labs after replying to the critics over Twitter finally came out to give an interview. The crypto fugitive Kwon talked about the historic fall of Terra Luna and the deppeg...
Legal Battles Are Preventing Crypto Payouts to UST Holders – Terra Backers
LUNA Price at the time of writing – $2.51 No timeline established for the resolution The Luna Foundation Guard (LFG) explains why it has not reimbursed small TerraUSD (UST) holders for their losses. A...
Terra Backer Says Legal Battles Are Preventing Crypto Payouts to UST Holders
The Luna Foundation Guard (LFG) is explaining why it hasn’t paid back small holders of its collapsed stablecoin coin TerraUSD (UST). The LFG, a non-profit organization built to support the Terra (LUNA...
LFG Says No Timeline To Compensate Affected Terra USD (UST) Users, as Allocation not possible Currently
– Advertisement – LFG is not compensating users soon. The Luna Foundation Guard has mentioned that the dispersion of its remaining assets to affected investors is impossible now, noting th...
Native USDC on Cosmos to Fill Vacuum Left by Terra’s UST Stablecoin
Cosmos’s fledgling decentralized finance (DeFi) ecosystem previously relied on the promise of Do Kwon’s digital dollar, and the algorithm that supposedly backed it, to build up its on-chain lending, b...
What Really Happened To LUNA Crypto?
| Getty Images Key Takeaways When the Luna crypto network collapsed, it’s estimated that $60 billion got wiped out of the digital currency space. Algorithmic stablecoins (UST) are not the same as Teth...
South Korea asks Interpol to issue red notice for Do Kwon: FT
South Korean prosecutors have reportedly asked Interpol, an international organization that facilitates police cooperation and crime control between countries, to issue a red notice against Do Kwon. T...
Terra Legal Woes Continue as Third Major Class Action Filed Against Do Kwon In US Over UST Collapse
– Advertisement – TerraForm Labs (TFL), the company behind the Terra project, has been slammed with yet another class action by aggrieved investors. According to a report by legal news ...
Terra LUNA Classic Surge 14%, UST Rise 30%– What’s Going On?
– Advertisement – Terra coins LUNC and UST that have been deemed as failed coins are now pumping hard. Tuesday was a good day for Terra’s “failed coins” LUNC (Luna Classic) and UST (Stab...
Terra Founder Do Kwon Angrily Replies A Twitter Troll “You Didn’t Buy UST From Me”
– Advertisement – Do Kwon has chosen not to play cool with trolls. Victims of Terra’s ecosystem collapse have continued to torment Do Kwon, the CEO and founder of TerraForm Labs (TFL). Wh...
Is Tron’s New Stablecoin the Next UST? Crypto Billionaire Justin Sun Makes Case for USDD
Tron founder Justin Sun is making the case for why Decentralized USD (USDD) is different than Terra’s failed decentralized UST stablecoin. In an interview with CoinGecko, Sun says that USDD, Tron’s al...
Justin Sun claims algorithmic stablecoin USDD is safer, more secure than Terra’s UST
Justin Sun believes Tron-native stablecoin USDD is inherently safer and more secure than Terra’s UST. On May 9, UST lost its dollar peg setting off a collapse in its pegging asset, Terra LUNA. This tr...
Hodlnaut reports $193 million financial shortfall as it seeks court protection
Embattled crypto lender Hodlnaut reported a nearly $200 million financial shortfall in a court affidavit filed earlier this month and obtained by The Block. The affidavit supporting Hodlnaut’s applica...
Do Kwon Thinks He Should Have Known The Risks Of UST
Regardless of the disappointment and forthcoming lawful difficulty, he actually needs to continue to expand on Terra Terra founder alleges a TFL mole fed info to short sellers LUNA Price at the time o...
“I Think I Should Have Known the Risks of UST Much Better”
“In hindsight, I think we should have been more skeptical,” Kwon told Coinage’s Zack Guzman Despite the failure and pending legal trouble, he still wants to keep building on Terra Do Kwon named his on...
Not Another UST; Acala Team Shares Positive Update On aUSD Hack
Earlier today, Polkadot DeFi’s hub Acala had its stable coin aUSD, exploited for about 1.2 billion aUSD. It has since addressed the issue on its twitter account explaining that the problem had been id...
CoinShares reveals loss in second-quarter earnings driven in part by UST collapse
Digital asset manager CoinShares reported losses in the second quarter as the firm suffered over $21 million in losses following the de-pegging and subsequent collapse of TerraUSD (UST). Adjusted earn...
Investors lost over $100M after Invictus Capital moved funds into UST, Celsius against their wishes
Invictus Capital, a crypto investment firm based in South Africa, moved crypto from funds designated for investments with “no anticipated downside risk” into Terra USD and held the tokens through the ...