Luna Foundation Wants to Repay Small-Time UST Investors
Crypto researcher FatManTerra slams Terra Luna Foundation Guard’s defense on why it can’t repay bereft TerraUSD (UST) investors. FatManTerra responded to a tweet by the Luna Foundation Guard on October 7, 2022, where it updated its Twitter following on why it hasn’t yet reimbursed UST holders after the stablecoin crashed in May 2022. LFG reiterated its commitment to reimburse smaller investors using its remaining asset reserves. The organization had used part of its reserve funds to help prop up the dollar peg of the UST stablecoin after it crashed in May 2022. At press time, the reserve composition consists of 313 BTC, 39,914 BNB, 1,973,554 AVAX, 1,847,079,725 UST, and 222,713,007 LUNC. FatManTerra called the excuse of continued litigation “characteristically pathetic,” while another Twitter user SonicTheBer, lamented, “This is just next [level] exit scam.”
Source
https://t.me/Terra_Luna_Tron
