Terra Foundation LFG Releases Audited Technical Report, Over $3.4 Billion Spent on Preventing UST Decoupling

The Terra Foundation Luna Foundation Guard (LFG) released a technical report audited by the third-party audit firm JS Held. The report shows that LFG spent $2.8 billion (80,081 bitcoins and $49.8 million in stablecoins) to prevent UST from decoupling. Terraform Labs (TFL) also spent $613 million of its own funds to prevent the decoupling of UST. Reports show that all LFG funds are used to prevent UST decoupling, and LFG wallet address balances are the only remaining funds. LFG said the report refutes market skepticism about how its funds were used and that LFG fully fulfilled its mandate. Additionally, JS Held gained access to centralized exchange wallets and trading accounts that prevented decoupling and used raw data instead of relying solely on TFL’s representations.