The Luna Foundation Guard (LFG) has committed to pursuing measures to compensate for users' losses since the breakdown of the algorithmic stablecoin <a href="https://www.cryptoknowmics.com/news/sec-commissioner-says-crypto-regulations-likely-to-happen-faster-after-terrausd-ust-collapse" target="_blank" rel="noopener">TerraUSD</a>, which spectacularly lost balance with the U.S. dollar earlier this year.
<h2>LFG Unable To Disperse Remaining Funds</h2>
The Luna Foundation Guard stated its inability to disperse its remaining funds to UST users, commencing with the smallest hodlers, in a post on <a href="https://twitter.com/LFG_org/status/1578420774951452672?" target="_blank" rel="nofollow noopener">Twitter</a> on October 7 due to a continuing and threatening lawsuit. According to documents, the LFG's total reserve balance is currently slightly over $105 million, down from its previous value of over $60 billion following the collapse of TerraUSD. Before the market decline in May, the fund's reserves included more than $4 billion in assets; at the time of publication, this sum had decreased to about $105 million.

https://twitter.com/LFG_org/status/1578420774951452672?
<h2>No Specific Deadline For Settlement</h2>
According to the fund, distribution is not yet feasible. The company stated that there is no specific deadline for settlement while these issues are outstanding. The documents noted that the total reserve balance of the Luna Foundation Guard is currently slightly over $105 million, down from its previous value of over $60 billion following the collapse of TerraUSD.

Crypto Twitter users who responded to the statement slammed both - the fund for delaying the payment of compensation and Terra co-founder Do Kwon for his claimed role in the failure.
<h2>Lawsuit Against South Korean Terra Collaborators</h2>
In South Korea, Do Kwon and Terra collaborators are actively being investigated since the ecosystem's collapse. Kwon's name was added to <a href="https://www.cryptoknowmics.com/news/south-korean-prosecutors-ask-interpol-to-issue-a-red-notice-for-do-kwon" target="_blank" rel="noopener">Interpol's Red Notice</a> list in September after a South Korean court issued an arrest order against him. Additionally, <a href="https://www.cryptoknowmics.com/news/terra-executive-yoo-mo-arrested-by-south-korean-authorities" target="_blank" rel="noopener">Yoo Mo</a> was arrested in South Korea on October 5 after prosecutors obtained an arrest order for him. Kwon was given a deadline of October 20 by the South Korean Ministry of Foreign Affairs to surrender his passport or face the possibility of it being revoked and not being granted again.

Luna Foundation Guard (LFG) Delays Compensation Attempts

Luna Foundation Guard (LFG) has committed to pursuing measures to compensate for users' losses since the breakdown of the algorithmic stablecoin TerraUSD.

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Luna Foundation Guard (LFG) Delays Compensation Attempts

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