Discussion

• @lfg_org @lfg_org on x

  4/ As a result, the LFG Council has voted to execute the following: - Loan $750M worth of BTC to OTC trading firms to help protect the UST peg. - Loan 750M UST to accumulate BTC as market conditions normalize.

• @lfg_org @lfg_org on x

  Below is the new LFG $BTC wallet address: https://blockchain.com/... Last clip withdrawn by the LFG was ~37K BTC. Similar to the last deployment, it has been loaned to MMs. Very little of the recent clip has been spent but is currently being used to buy $UST. Updates coming.

• @twobitidiot @twobitidiot on x

  Where is LFG's Bitcoin reserve?

• @0xfr_ @0xfr_ on x

  @BennettTomlin i want to see evidence they actually used all their reserves maybe they realized it was useless at some point and saved what they could

• @freddieraynolds @freddieraynolds on x

  @Galois_Capital For Terra to have any future LFG and TFL need to open up their books tbh

• @christine_dkim Christine Kim on x

  The Luna Foundation Guard has moved 37,179.99 BTC (~$1.2bn) of its reserves to OKEx. The funds were again loaned out to market makers in an ongoing attempt to re-stabilize the UST peg. UST prices continues to falls. H/t: @AppBreadcrumbs https://twitter.com/... https://twitter.com…

• @adamscochran Adam Cochran on x

  @Darrenlautf 1/2 My hunch is, if their loaning statement was true then either: 1) MM blew up on levered position & is trying to claim they should keep the BTC or 2) They are in denial phase, think they can turn it around, and soon will realize they can't & liquidate it for operat…

• @lawmaster Larry Cermak on x

  @Darrenlautf I am really fucking surprised they didn't publish anything about what they did with it yet. There are some unconfirmed rumors they still have significant BTC reserves left. 100s of thousands of people rekt and no one knows what they did with it

• @nischalshetty @nischalshetty on x

  Hope funds are accounted for as it's part of foundation May be just a case of not having shared the specific wallet address But bigger question is: How did a foundation end up being used as an asset custodian for backing an algorithmic stablecoin 🤔 https://www.theblockcrypto.com/…

• @iamdcinvestor @iamdcinvestor on x

  hey @stablekwon, interesting proposal on how to revive @terra_money but just one question: WHERE THE F IS THE $2B IN BTC from @LFG_org ? PRODUCE AUDITED RECORDS OF WHERE IT WENT, OTHERWISE GTFO AND GO TO JAIL YOU WORTHLESS GRIFTER have a nice day 😘 https://agora.terra.money/...

• @pedroexplore1 Pedro on x

  Did the $2-3B in BTC reserves run out? Are you waiting for UST supply to = remaining BTC reserve to the come announce “hey every UST is no fully collateralized!” I am mad at the silence.

• @altcoinpsycho @altcoinpsycho on x

  1) This is essentially a self-loan to an otc firm 2) basically reads: sell $750m of BTC soon then buy back $1.5 billion worth when price is attractive Yea... we definitely going lower lol https://twitter.com/...

• @bennetttomlin Bennett Tomlin on x

  I hope “Updates coming.” is the last thing that LFG ever tweets https://t.co/dGPTktr5Tc