Luna Foundation Guard

Markets Daily Podcast Cover
Crypto News Roundup for May 19, 2022
With bitcoin steadying below $30,000, and a look at the human costs of speculation, CoinDesk’s Markets Daily is back with the latest news roundup.
Markets Daily Podcast Cover

Destruction of a planet (Lucasfilm)
Hashed Wallet Takes $3.5B Hit, Delphi Digital Discloses Loss After Terra's LUNA Collapse
Delphi says the LUNA tokens accounted for 13% of its assets under management at their peak, while Hashed appears to have lost over $3.5 billion.
Destruction of a planet (Lucasfilm)

Where Did Luna Foundation Guard's 80K BTC Reserve Go?
Where Did Luna Foundation Guard’s 80K BTC Reserve Go?
Luna Foundation Guard’s (LFG) bitcoin reserve has depleted almost entirely from around 80,000 BTC to about 300 BTC. Solidus Labs Chief Operating Officer Chen Arad shares insig...
Where Did Luna Foundation Guard's 80K BTC Reserve Go?

Terra's UST and LUNA Collapse: How the Crisis Unfolded
Terra’s UST and LUNA Collapse: How the Crisis Unfolded
TerraUSD (UST), an algorithmic stablecoin that is supposed to stay pegged to the dollar collapsed over 90% over one week.
Terra's UST and LUNA Collapse: How the Crisis Unfolded

(Javardh/Unsplash)
LFG Reserves Dwindle to Just 313 Bitcoins From 80K After UST Crash
The announcement comes after criticism of the Luna Foundation Guard's "lack of transparency."
(Javardh/Unsplash)

Singapore (Lauryn Ishak/Bloomberg via Getty Images)
First Mover Asia: Singapore’s Regulators Will Be Eyeing Local Crypto Companies After Terra Collapse; Bitcoin Rebounds
Terraform Labs, the Singapore-registered company behind the Terra protocol, doesn’t have a permanent office in the city-state; most major cryptos spent Sunday in the green.
Singapore (Lauryn Ishak/Bloomberg via Getty Images)

(John Ruddock/Unsplash)
The Collapse of UST and LUNA Was Devastating, but There Is Still Hope for Crypto
When a prominent stablecoin and the token that backs it failed, the broader ecosystem certainly was dealt a blow, but ultimately it is surviving.
(John Ruddock/Unsplash)

The Earth had recently formed when it was struck by a protoplanet called Theia roughly three times the size of Mars. The collapse of the Terra blockchain system has had comparable impacts on some holders. (Mark Garlick/Getty Images/Science Photo Libra)
The Human Cost of Lunatic Hubris
Terraform Labs' Do Kwon and his collaborators sold a bad bet to thousands of everyday folks. We're beginning to see how immense the harm was.
The Earth had recently formed when it was struck by a protoplanet called Theia roughly three times the size of Mars. The collapse of the Terra blockchain system has had comparable impacts on some holders. (Mark Garlick/Getty Images/Science Photo Libra)

(Wikimedia Commons)
LUNA, UST Still Available on FTX and Other Exchanges Despite Terra Blockchain Halt
Transactions conducted during the blockchain halt are not considered to be final because they can’t be settled.
(Wikimedia Commons)