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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 algorithmic stablecoin TerraUSD (UST) in May, according to a third-party audit by JS Held, a London-based consultancy firm.

(By Oliver Knight)

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