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A third-party audit has revealed that the Luna Foundation Guard spent $2.8 billion to defend the peg of the algorithmic stablecoin TerraUSD (UST).&nbsp;

LFG Audit Reveals Billions Spent On UST Peg

ZERO

The biggest news in the cryptoverse for November 16 includes Gemini halting withdrawals on its Earn program, Coinbase saying it has zero exposure to struggling Genesis Trading, and Messari estimating that FTX investors may get back up to 50% of their funds after bankruptcy process. 

CryptoSlate Wrapped Daily: SBF faces investor lawsuit in the US as Australia suspends FTX operations; LFG spent $2.8B on UST peg defense

The audit details how Luna Foundation Guard moved more than 52,000 bitcoin from its reserves to Jump Trading to defend the price of terraUSD.

LFG audit raises questions about Jump Trading and Terra collapse

LUNC

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, a new report by London-based third-party auditing firm JS Held has shown.

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LFG Audit Reveals Billions Spent On UST Peg

CryptoSlate Wrapped Daily: SBF faces investor lawsuit in the US as Australia suspends FTX operations; LFG spent $2.8B on UST peg defense

LFG audit raises questions about Jump Trading and Terra collapse

New Audit Report Shows Terra’s LFG Spent Over $2.8 Billion To Defend UST Peg

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