and what's interesting is the problem with terra's BTC which doesn't seem to have been used to buy back to restore the price. and CZ commented on this in her twitter. The point is CZ says where is the BTC which they say is for UST backup, why isn't it actually used for backup?
Cz Binance TwitterI heard that do kwon is not using his bitcoins as a peg recovery effort. but there are some tweets that say it's been done, but not able to restore the situation as before. There has been a lot of speculation about terra's bitcoin reserves, but nothing can really be proven because from the start the terra development team seemed closed about the matter. even cz had to suspend luna's trade yesterday so he could be responded to by the terra team.
but in my personal opinion, if terra still has funds (bitcoin) there is still hope for it to recover.