The Luna Foundation Guard (LFG) also shared a promise to “compensate remaining users of UST, smallest holders first,” with the remaining assets.
In summary, 80,081 Bitcoin (BTC) or 99.61% of the Bitcoin that LFG guarded, has exited the fund. The group confirmed a sale of “33,206 $BTC for an aggregate 1,164,018,521 $UST” in a tweet. The remaining 47,188 BTC is not accounted for, while 313 BTC remains in reserve.
The below graphic makes clear the remaining tokens in the LFG reserve:
The reason behind the disposal and sale of cryptocurrency in the LFG reserve was to support the health of the Terra ecosystem:
2/ Consistent with its non-profit…