According to a third-party investigation by JS Held, a Jericho, New York-based consultancy company, Luna Foundation Guard (LFG), the organization responsible for the defunct Terra ecosystem, expended $2.8 billion in cryptocurrency in May trying to protect the algorithmic stablecoin TerraUSD (UST) peg. 1/ Today, LFG releases the technical audit report conducted by JS Held, an experienced third-party auditing firm, providing full transparency into the trading, blockchain records, and efforts of LFG and TFL to defend the price of TerraUSD ($UST) between May 8th & May 12th, 2022. — LFG | Luna Foundation Guard (@LFG_org) November 16, 2022 The audit further The post LFG Spends $2.8B Protecting UST Peg, Third-Party Investigation Finds appeared first on Cryptoknowmics-Crypto News and Media Platform .
