No products in the cart.
- Latest
- Trending
ADVERTISEMENT
The Luna Foundation Guard (LFG) explains why it has not paid back small holders of its failed stablecoin TerraUSD (UST).
LFG, a non-profit organization founded to support the Terra (LUNA) ecosystem, To tell An ongoing legal battle has made it impossible for the foreseeable future to fulfill that promise.
Since the UST de-pegged in May, there has been a legitimate interest in LFGs assets and how they are distributed. to those affected by, the smallest holders first.
Unfortunately, it cannot be distributed at this time due to possible ongoing litigation. These issues are open, but we cannot establish a timeline for their resolution. “
The organization first pledged to use its remaining holdings to compensate smaller UST holders in May, about a week after the stablecoin collapsed.
The foundation aims to use the remaining assets to compensate the remaining users of UST, the smallest owner first. We are still discussing different distribution methods and an update will be coming soon. will follow.”
LFG faces some criticism Twitter and Organizations to Not Spread Funds To tell It will still refund UST holders.
Our goal is to distribute the remaining assets of LFG to smaller UST holders. will be the first to know about new developments.
Don’t miss a beat subscribe to get encrypted email alerts delivered straight to your inbox
Price action confirmation
Please follow us twitter, Facebook When telegram
Surf The Daily Hodl Mix
 
Featured image: Shutterstock/okeykat
