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3.5 Billion worth Bitcoin reportedly wiped out to defend & support Terra

Shortpedia

Content Team
Image Credit: timestabloid

The global crypto mayhem last week wiped out Bitcoin worth $3.5 billion -- created to defend and support the TerraUSD (UST) stablecoin which saw a total crash -- and no one has any idea how such a large sum of funds disappeared. Nearly 80,394 Bitcoin worth $3.5 billion were purchased by the Luna Foundation Guard, the non-profit organisation set up to promote the growth of the Terra ecosystem this year, according to Elliptic.