{"id":81561,"date":"2022-05-17T01:14:29","date_gmt":"2022-05-17T05:14:29","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=81561"},"modified":"2022-05-17T01:06:34","modified_gmt":"2022-05-17T05:06:34","slug":"3-billion-in-bitcoin-was-sold-in-a-last-ditch-attempt-to-save-ust-stablecoin-from-collapse","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2022\/3-billion-in-bitcoin-was-sold-in-a-last-ditch-attempt-to-save-ust-stablecoin-from-collapse.html","title":{"rendered":"$3 billion in bitcoin was sold in a last-ditch attempt to save UST stablecoin from collapse"},"content":{"rendered":"\n<p>(CNBC) Investors have been eager to find out what happened to the <a href=\"https:\/\/www.cnbc.com\/2022\/05\/09\/what-is-terrausd-ust-and-how-does-it-affect-bitcoin.html\">$3 billion in bitcoin<\/a> bought up by crypto firm Terra to back its failed stablecoin. Now, they\u2019ve got their answer. Luna Foundation Guard, a fund set up by Terra creator Do Kwon, <a rel=\"noreferrer noopener\" href=\"https:\/\/twitter.com\/LFG_org\/status\/1526126703046582272\" target=\"_blank\">said Monday<\/a> it spent almost all of the bitcoin in its reserve last week in a futile attempt to save terraUSD \u2014 or UST, for short.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2022\/05\/16\/what-happened-to-the-bitcoin-reserve-behind-terras-ust-stablecoin.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Investors have been eager to find out what happened to the $3 billion in bitcoin bought up by crypto firm Terra to back its failed stablecoin. Now, they\u2019ve got their answer. Luna Foundation Guard, a fund set up by [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-81561","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/81561","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=81561"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/81561\/revisions"}],"predecessor-version":[{"id":81562,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/81561\/revisions\/81562"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=81561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=81561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=81561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}