Terra’s Luna Foundation Guard releases audit report
The Luna Foundation Guard (LFG), nonprofit managing UST algorithmic stablecoin, has released a technical audit to provide full transparency into assets and efforts to repeg TerraUSD (UST) in May.
According to the audit report, LFG spent almost $2.8 billion between May 8-12 to defend TerraUSD’s (UST) peg. This includes 80,081 BTC and 49.8 million in stablecoins. This is the exact number that the organization announced on Twitter on May 16.