LFG News

An on-chain audit commissioned by the Luna Guard Foundation (LFG) and Terraform Labs (TFL) to provide transparency into the actions of the two organizations in their unsuccessful defense of the TerraUSD (UST) peg has concluded that there was no embezzlement…

After the warrant for CEO Kwon Do-arrest was issued in September, he abruptly transferred approximately 3313 BTC (Bitcoin) to two overseas virtual asset exchanges.

On May 16, Wu Blockchain reported that the LFG currently holds a reserve of merely 313 BTC. The announcement came after LFG noted that they converted most of their reserves when UST began to lose its peg on the 8th. …

The Singapore-based non-profit organization Luna Foundation Guard (LFG) will loan out BTC and UST worth $1.5 billion, as part of its strategy to protect the stability of the UST against market volatility and maintain the stablecoin peg to the dollar. …

TerraUSD (UST), the most popular stable currency in the Terra ecosystem, has now become the third-largest stablecoin in the cryptocurrency market. This comes amid continued efforts by Terra to prop up the backing for its flagship stablecoin within the ongoing…

Earlier today, Terraform Labs announced on Twitter that it had donated 10 million Luna to the Luna Foundation Guard(LFG). The LFG is a treasury that supports the growth and development of the Terra ecosystem.