Do Kwon: I hope more facts will be revealed, and I feel sorry for the victims of the UST incident

ChainCatcher news, Terra founder Do Kwon tweeted: "I apologize to investors who suffered losses on UST. I still believe the most important use case for crypto is to become a decentralized currency that transcends everything. Regarding the current discussions in the market about the person in distress who triggered the UST collapse, I hope more truths about the events can be revealed in the coming months. While I do acknowledge my mistakes, I maintain that I did not engage in fraud."

Earlier, ChainCatcher reported that Luna Foundation Guard (LFG) released a technical report audited by the third-party auditing firm JS Held on social media today. According to the report, LFG spent $2.8 billion (80,081 bitcoins and $49.8 million in stablecoins) to prevent UST from de-pegging.

In addition, Terraform Labs (TFL) also spent $613 million of its own funds to prevent UST from de-pegging. LFG utilized almost all of its funds in the effort to prevent UST from decoupling. (source link)