Luna Foundation Guard

Luna Foundation Guard Spent $2.8B in Crypto Defending UST Peg
Luna Foundation Guard Spent $2.8B in Crypto Defending UST Peg
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 consultancy firm JS Held. "The Hash" hosts discuss the key findings.
Luna Foundation Guard Spent $2.8B in Crypto Defending UST Peg

South Korean Prosecutors Say Reports of Do Kwon’s Stopover in Dubai ‘Not False’: Bloomberg
South Korean Prosecutors Say Reports of Do Kwon’s Stopover in Dubai ‘Not False’: Bloomberg
Terra blockchain creator Do Kwon who said he is not on the run is rumored to have left Singapore for Dubai according to South Korean prosecutors telling Bloomberg Merkle Science co founder and CEO Mriganka Pattnaik discusses what we know so far and the outlook for algorithmic stablecoins Plus insights into tracking Luna Foundation Guard's [...]
South Korean Prosecutors Say Reports of Do Kwon’s Stopover in Dubai ‘Not False’: Bloomberg

Terra's logo inside Nationals Ballpark (Danny Nelson)
LFG Slow-Walks Plan to Repay Small-Time Terra Holders, Citing Legal Threats
The Luna Foundation Guard still has about $100 million in reserves that it has pledged as compensation.
Terra's logo inside Nationals Ballpark (Danny Nelson)

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Luna classic, de Terra, sube por especulación de traders sobre nueva regulación de quema de tokens
En un intento por revivir el frustrado token de la blockchain de Terra, la propuesta aprobada eliminará el 1,2% de cada transacción para reducir la oferta.
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Crypto Terra Luna Classic Surges as Traders Speculate on New Supply Burn Rule
In an attempt to revive the failed Terra blockchain’s token, the approved proposal will destroy 1.2% of every transaction to reduce supply.
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Markets Daily Podcast Cover
Crypto News Roundup for Aug. 23, 2022
With the total crypto market capitalization falling below the $1 trillion mark, plus the taboo topic at South Korea’s Blockchain Week, CoinDesk’s “Markets Daily” is back with the latest news roundup.
Markets Daily Podcast Cover

According to former employees, "Terra" was the unofficial beer of Terraform Labs.  (Sam Kessler/CoinDesk)
'Don't Say Terra' and Other Reflections From Korea's Crypto Extravaganza
A string of conferences in Seoul explored the future of DeFi, but the $40 billion blowup of a major Korean project was not on the agenda.
According to former employees, "Terra" was the unofficial beer of Terraform Labs.  (Sam Kessler/CoinDesk)

The offices of Bithumb and six other South Korean crypto exchanges were reportedly raided by investigators. (Shutterstock)
Prosecutors Raid 7 Korean Exchanges Amid Terra Probe: Report
Seven exchanges and eight other addresses have been raided in connection to the Terraform Labs fraud investigation.
The offices of Bithumb and six other South Korean crypto exchanges were reportedly raided by investigators. (Shutterstock)

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Stablecoins Could Still Dominate Post-Terra, S&P Says
Not all stablecoins are alike, analysts note, but regulations may be needed to precipitate audits and investor fairness.
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Photo of the moon above water.
Terraform Labs, Founder, VC Firms Sued on Claims That Investors Were Misled
The plaintiff alleges the so-called "Terra Tokens" resembled securities, regardless of investor perception.
Photo of the moon above water.