Aside from Bitcoins (BTC) slide below $27,000 and Ethereum (ETH) below $2,000, the crypto market witnessed the shocking crash of the LUNA and terraUSD (UST) stablecoin. As investors pondered what might have caused the collapse, the Luna Foundation Guard (LFG) revealed how it spent billions of dollars in its failed attempt to maintain the peg of UST, a move that almost depleted its crypto reserves. The company held a number of cryptocurrencies including Bitcoin as reserves and valued at more than $3 billion at that time. As of Saturday, May 7, 2022, the Luna Foundation Guard held a reserve…
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