The Luna saga continues. In a Twitter thread, the team behind the failed algorithmic stablecoin UST and the token LUNA shared precisely how much Bitcoin and crypto assets they had disposed of.

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.

Interestingly, LFG has not sold a single Binance Coin (BNB) or Avalanche (AVAX), holding circa 40,000 and 2,000,000 of each token, respectively.

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:

The counterparty that the group used has not been named. Cointelegraph experts have compiled an analysis on the Terra ecosystem implosion, questioning the “long-term viability of algorithmic stablecoins.” The current makeup of the LFG reserve is the following:

LFG Reserve Balance Breakdown. Source:

Related: LUNA meltdown…

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