Facebook Twitter Youtube Vk Rss
Facebook Twitter Youtube Vk Rss
  Trending
24/7 Market News Lunch Break 25 Sept 2023 September 25, 2023
24/7 Market News Snapshot 25 Sept 2023 September 25, 2023
ESS Tech Collaborates with Honeywell to Accelerate Iron Flow Battery Energy Storage Systems Deployment September 25, 2023
TransCode Therapeutics’ Lead Therapeutic Candidate, TTX-MC138, effectively engaged its Target September 25, 2023
Vapotherm HVNI technology outperforms standard oxygen therapy for treatment of acute asthma in children according to Pilot Study September 25, 2023
Next
Prev

Luna Foundation Guard says its Bitcoin reserves are down to 313 from over 80,000, and it will use ‘remaining assets’ to pay back ‘smallest’ stablecoin holders

  • May 16, 2022 at 12:15 PM

The Luna Foundation Guard (LFG), an organization that supports the Terra ecosystem, shared a breakdown of its remaining assets on Monday.

Last week, Terra’s stablecoin UST began to crash far below $1, and its sister token Luna unraveled to nearly zero. Amid the chaos, many investors were wondering where LFG’s billions worth of Bitcoin went, which it originally obtained to defend UST’s peg.

Now, after days of silence, LFG shared that it has 313 Bitcoin left, down from its original 80,394 Bitcoin reserve. LFG also noted it has a few other assets, including UST, Terra and Avalanche.

Read more: https://finance.yahoo.com/news/luna-foundation-guard-says-bitcoin-140917497.html

RelatedNews

Want more news like this? Check out our homepage!

Signup today for free and be the first to get notified of breaking news.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Recent News

Follow Us

Facebook-f Twitter Youtube

SIGN UP FOR OUR NEWSLETTER

Sign up for Breaking Alerts, our newsletter putting timely and updated stock and crypto markets news into your hands.

24/7 MarketNews is a leading market news platform for public companies. As a pioneer in digital media, we are dedicated to the swift distribution of financial market news and information. We take great pride in creating innovative public relations campaigns that help our clients reach their target audience.

Search by keyword

© 2022-2023 24/7MarketNews – The Experts in Investor and Public Relations

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.