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Distribution of properties is ‘not possible at this time’, states Luna Foundation Guard By Cointelegraph

Distribution of properties is ‘not possible at this time’, states Luna Foundation Guard

The Luna Foundation Guard, or LFG, a fund concentrated on the community, has stated it cannot supply a timeline to disperse properties to users following stablecoin TerraUSD depegging from the dollar.

In an Oct. 7 Twitter thread, LFG pointed out “ongoing and threatened litigation” in its factors for being not able to disperse its staying properties to UST users beginning with the tiniest HODLers. The fund’s reserves held more than $4 billion in properties prior to the marketplace decline in May, a quantity that has actually dropped to approximately $105 million at the time of publication.