Terra Crash Destroys Luna Foundation Guard Reserves

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The Luna Foundation Guard (LFG) reported on Monday that the recent Terra collapse, as well as its efforts to aid UST, had depleted the LFG's reserves.  

$260 million of reserves the LFG now holds will likely be insufficient to effectively repay all UST holders.

Terra community proposals that called for redistribution of the reserves estimated their value to be much higher, around at least $1.5 billion.

Terra community proposals that called for redistribution of the reserves estimated their value to be much higher, around at least $1.5 billion. Following is the data found from the tweet.