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UST’s Bitcoin Reserve Too Late in Coming to Save Dollar Peg

Luna Foundation Guard buying billions of dollars in bitcoin without an infrastructure ready to deploy left Terra’s UST vulnerable to a “Soros-style attack,” an analyst said.

Terraform Labs founder and CEO Do Kwon (CoinDesk TV, modified by CoinDesk)
Terraform Labs founder and CEO Do Kwon (CoinDesk TV, modified by CoinDesk)