$3B in Bitcoin was sold in a last-ditch attempt to save UST from collapse
"Sold"<p>It's hard to show that they really sold these coins. Certainly, the LFG transferred the coins to some different exchanges. But did they truly sell them?<p>If I was running a dodgy ponzi scheme and saw it collapsing catastrophically, I don't think I'd be throwing good money after bad trying to futilely patch it up. Much better to stash the remaining assets away somewhere and personally cash out later on.<p>Also, <i>“In a sense, the market is going to take that as kind of bullish.”</i> - a.k.a. the standard 'this is good for bitcoin' quote, applicable whatever the news is!