TechFlow news — Terra founder Do Kwon tweeted: "I am sorry for the investors who suffered losses on UST. I still believe the most important use case for crypto is to become a decentralized currency beyond everything. Regarding the current market discussions that the person currently in trouble triggered the UST collapse, I hope more truth about this incident will be revealed in the coming months. While I do admit I made mistakes, I maintain that I did not commit fraud."
Today, Luna Foundation Guard (LFG) released on social media its technical report audited by third-party auditing firm JS Held. According to the report, LFG spent $2.8 billion (80,081 BTC and $49.8 million in stablecoins) attempting to prevent UST from depegging.
In addition, Terraform Labs (TFL) also used $613 million of its own funds to defend UST’s peg. LFG deployed nearly all of its funds in the effort to prevent UST from decoupling.Source link
